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

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NEW DELHI: 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.