Steel Authority Of India said its net loss for the quarter ended December 2016 has narrowed to Rs 7,948.40. During the quarter, the in the same quarter previous year.
Revenues for the quarter rose 25.28% to Rs 126,196.60 million, compared with Rs 100,728 million for the prior year period.
Operating margin for the quarter stood at negative 0.34 percent as compared to a negative 11.47 percent for the previous year period. Operating loss for the quarter was Rs 427.60 million, compared with an operating loss of Rs 11,557.30 million in the previous year period.
Earnings per share stood negative at Rs 1.92 compared with negative Rs 3.59 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 16 | Dec - 15 | %Change |
| Revenues | 126,196.60 | 100,727.90 | 25.28 |
| Net Profit | (7,948.40) | (14,810.60) | - |
| Diluted EPS | (1.92) | (3.59) | - |
Shares of the company declined Rs 1.4, or 2.12%, to trade at Rs 64.50. The total volume of shares traded was 266,238 at the BSE (10.15 a.m., Friday).
