Uttam Galva Steels Ltd’s consolidated net loss narrows by 18% to Rs 536.04 cr for Q4FY20

New Delhi: Uttam Galva Steels Ltd’s consolidated net loss narrowed by 18 percent to Rs 536.04 crore for the fourth quarter of 2019-20 fiscal as against Rs 656.23 crore in the same period of the previous fiscal. The consolidated revenue from operations of the company fell 57 percent to Rs 118.66 crore for the fourth quarter of the last fiscal as compared to Rs 277.12 crore in the same period of the previous fiscal.

For the entire fiscal 2019-20, the consolidated net loss of the company narrowed by 34 percent to Rs 1,417.99 crore as compared to consolidated net profit of Rs 2,146.01 crore in the previous fiscal.

For the entire fiscal 2019-20, the consolidated revenue from operations dropped by 31 percent to Rs 521.18 crore as compared to consolidated revenue from operations of Rs 756.81 crore in the previous fiscal, the company said in a regulatory filing.

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