Premium
This is an archive article published on October 21, 2011

Uttam Galva Q2 net profit down 23%

Uttam Galva Steels reported a decline in net profit for the quarter to Rs 17.83 crore.

google-preferred-btn

Uttam Galva Steels today reported an around 23 per cent decline in net profit for the quarter ended September 30 to Rs 17.83 crore on account of high raw material costs.

The company had reported a Rs 23.14 crore net profit for the same quarter last fiscal,it said in a statement.

Net sales of the company also declined to Rs 1,292 crore during the July-September quarter of FY2011-12 from Rs 1,304 crore in the year-ago period.

Uttam Galva Steels consumed raw materials worth Rs 968 crore during the quarter,compared to Rs 863 crore in the same quarter last fiscal.

Scrips of the company were down 1.17 per cent at Rs 71.6 apiece at around 1430 hours on the BSE today.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Red Fort blast terror module: 48 Al Falah staffers questioned, probe expands to Delhi hospitals
CitiesRed Fort blast terror module: 48 Al Falah staffers questioned, probe expands to Delhi hospitals
Flight disruptions likely globally as Airbus orders urgent repairs on thousands of A320 aircraft; IndiGo, Air India among impacted airlines
BusinessFlight disruptions likely globally as Airbus orders urgent repairs of A320 aircraft; IndiGo, AI impacted
Tere Ishk Mein movie review
EntertainmentTere Ishk Mein movie review: Dhanush, Kriti Sanon's outdated, heavy-on-melodrama film takes us back to dark ages
Not just in Malayalam, she has appeared in notable films in all four South Indian languages, as well as Hindi, over the years, leaving a strong impression everywhere she has set foot.
EntertainmentMohanlal, Mammootty and Rajinikanth's heroine began suffering memory loss after ex-husband's death; gave up what she loved most
India’s most expensive number plate
TrendingIndia’s most expensive number plate: Haryana auction series fetches record Rs 1.17 crore; check the number
Muzaffarnagar groom rejects Rs 31 lakh dowry
TrendingMuzaffarnagar groom rejects Rs 31 lakh dowry, accepts only Re 1 as ‘shagun’; ‘This is bride’s father’s hard-earned money’
Virat Kohli South Africa ODIs
SportsIND vs SA: Virat Kohli, ODIs and a question of desire, commitment
Deeya Yadav WPL
SportsWomen's Premier League: Meet Deeya Yadav, at 16 the youngest player ever to be bought by a franchise
Without great powers on board, G20 is adrift
OpinionWithout great powers on board, G20 is adrift
sensex nifty record high: Even for those who have been investing via the SIP route, the investments sould have averaged out and the gains may not be in tune with the 17 per cent Sensex rise in last 7 months.
ExplainedSensex and Nifty are touching record highs. Why is your MF portfolio not mirroring that rise?
Auli
LifestyleWhite water rafting in Western Ghats to skiing in Auli: 5 places in India perfect for winter sports
The findings represent a meaningful advancement in understanding the relationship between hydroclimate dynamics and the evolution of ancient civilisations, as noted by geoscientist Liviu Giosan from the Woods Hole Oceanographic Institution. (Image: Unsplash)
TechnologyResearchers may have finally cracked why the Indus Valley civilisation collapsed
Advertisement
Must Read
SportsIND vs SA: Virat Kohli, ODIs and a question of desire, commitment
Virat Kohli South Africa ODIs
SportsWomen's Premier League: Meet Deeya Yadav, at 16 the youngest player ever to be bought by a franchise
Deeya Yadav WPL
SportsAfter 'starting trouble', Sreejesh's India go aerial to unlock stubborn Chile and start with 7-0 win
India Jr hockey
TechnologyResearchers may have finally cracked why the Indus Valley civilisation collapsed
The findings represent a meaningful advancement in understanding the relationship between hydroclimate dynamics and the evolution of ancient civilisations, as noted by geoscientist Liviu Giosan from the Woods Hole Oceanographic Institution. (Image: Unsplash)
TechnologyI tried the Lenovo Idea Tab Pro, and it might be the best mid-range tablet of 2025
From a large screen to loud speakers, the Lenovo Idea Tab Pro has it all.
TechnologyAndrej Karpathy to educators: Stop trying to catch AI-generated homework
Karpathy argues students must learn to use AI effectively while still being able to operate without it. (Image: FreePik)
LifestyleWhite water rafting in Western Ghats to skiing in Auli: 5 places in India perfect for winter sports
Auli
Advertisement
Buzzing Now
TrendingIndia’s most expensive number plate: Haryana auction series fetches record Rs 1.17 crore; check the number
India’s most expensive number plate
TrendingMuzaffarnagar groom rejects Rs 31 lakh dowry, accepts only Re 1 as ‘shagun’; ‘This is bride’s father’s hard-earned money’
Muzaffarnagar groom rejects Rs 31 lakh dowry
TrendingIndia Post orders probe after viral video shows staff tossing mailbags on Pratapgarh railway tracks
India Post staff tossing mailbags on Pratapgarh railway tracks
TrendingIndian student shows Chinese University’s ‘5-star’ cafeteria with diet charts, weighing machine; meals for just Rs 250
Indian student shows Chinese University cafeteria
TrendingBengaluru man who left corporate career finds meaning in life after becoming auto driver: ‘Money is not the only necessity’
Bengaluru auto driver gives life and money lesson
Nov 29: Latest News
Advertisement