Electrosteel Steels has reported results for first quarter ended June 30, 2018.
The company has reported net profit of Rs 927.96 crore for the quarter under review as against net loss of Rs 242.20 crore for the same quarter in the previous year. Total income of the company increased by 28.37% at Rs 1,046.15 crore for Q1FY19 as compared Rs 814.94 crore for the corresponding quarter previous year.
Electrosteel Steels is engaged in basic iron and steel business. The company is engaged in selling thermo mechanically treated (TMT) bars, billets, ductile iron (DI) pipes, pig iron and wire rod.
