Speciality steel company, Usha Martin has reported a sharp jump of 757.98% in net profit to Rs 30.63 crore for the Q3 period ended December, as compared to Rs 3.57 crore registered in the corresponding period last year.
However, the consolidated profit was lower at Rs 25.72 crore during the quarter as the Thailand plant remained non-operational due to flooding and with the company booking a net loss of Rs 8 crore.