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Uttam Galva gains on reporting decent numbers

10 May 2012 Evaluate

Uttam Galva Steels is currently trading at Rs. 71.30, up by 0.45 points or 0.64% from its previous closing of Rs. 70.85 on the BSE.

The scrip opened at Rs. 71.50 and has touched a high and low of Rs. 72.90 and Rs. 71.20 respectively. So far 4,824 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 115.50 on 01-Jun-2011 and a 52 week low of Rs. 48.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 76.00 and Rs. 66.65 respectively. The current market cap of the company is Rs. 871 crore.

The promoters holding in the company stood at 70.83% while Institutions and Non-Institutions held 15.57% and 13.60% respectively.

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.

Uttam Galva Steels Share Price

3.40 0.00 (0.00%)
17-Oct-2022 18:01 View Price Chart
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