Uttam Galva Steels’ standalone net profit surged about two-fold to Rs 40 crore for the fourth quarter ended March 31, largely on account of increased efficiency in operations. The company had reported a net profit of Rs 14.05 crore during the January-March quarter of 2010-11.
However, net sales of the company, in which world’s largest steel maker ArcelorMittal holds 34.42% stake, were down over 23% to Rs 1,241.46 crore during the quarter.
The company’s total expenditure during the January-March quarter came down by about 28% to Rs 1,107.37 crore, while its finance costs were also down by 21% to Rs 55.46 crore.
For the full year ended March, 2012, the company reported a decline of 4.62% in consolidated net profit at Rs 73.10 crore. Its net sales, however, were up over 12% at Rs 5,647.38 crore during the period.
| Company Name | CMP |
|---|---|
| Tata Steel | 210.00 |
| JSW Steel | 1255.20 |
| SAIL | 178.55 |
| Jindal Stainless | 766.85 |
| APL Apollo Tubes | 2004.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: