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Adhunik Metaliks’ net loss reduces to Rs 120 crore in Q1

16 Aug 2018 Evaluate

Adhunik Metaliks has reported results for first quarter ended June 30, 2018.

The company has reported net loss of Rs 119.63 crore for the quarter under review as compared to net loss of Rs 284.80 crore for the same quarter in the previous year. Total income of the company decreased by 65.48% at Rs 78.33 crore for Q1FY19 as compared Rs 226.91 crore for the corresponding quarter previous year.

Adhunik Metaliks is engaged in the manufacture of steel, alloy steel and stainless steel products. It is flagship the company of Adhunik Group. Adhunik Metaliks manufactures a wide range of special steels of international quality that has applications in automobile, construction and engineering.


Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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