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OCL Iron and Steel reports net loss of Rs 52.92 crore in Q1

21 Aug 2017 Evaluate

OCL Iron and Steel has reported results for first quarter ended June 30, 2017.

The company has reported a net loss of Rs 52.92 crore for the quarter under review as against a net loss of Rs 55.40 crore for the same quarter in the previous year. Total income of the company decreased by 24.61% at Rs 75.46 crore for Q1FY18 as compared Rs 100.10 crore for the corresponding quarter previous year.

OCL Iron and Steel is engaged in manufacture and sale of cement and refractory products, steel and sponge iron products and operations relating to the real estate sector.

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