Usha Martin's Q2 net loss narrows to Rs 68 cr

Speciality steel maker Usha Martin today reported narrowing of consolidated net loss at Rs 68.13 crore for the quarter ended September 30, 2016.

December 10, 2016 / 14:49 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Speciality steel maker Usha Martin today reported narrowing of consolidated net loss at Rs 68.13 crore for the quarter ended September 30, 2016.

It had clocked a net loss of Rs 102.52 crore in the year-ago period, the Kolkata-based firm said in a BSE filing.

Its total income from operations, however, declined by 7.65 per cent to Rs 1,019.52 crore during quarter under review from Rs 1,104.08 crore in the same quarter last fiscal.

Usha Martin is a manufacturer of wire ropes and speciality steel in India.

The company has a global base of wire rope manufacturing with facilities located in India, the UK, Dubai and Bangkok.

first published: Dec 10, 2016 02:40 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347