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National Steel and Agro Industries reports net loss of Rs 39.91 crore in Q1

31 Aug 2018 Evaluate

National Steel and Agro Industries has reported results for first quarter ended June 30, 2018.

The company has reported net loss of Rs 39.91 crore for the quarter under review as against net profit of Rs 8.22 crore for the same quarter in the previous year. Total income of the company decreased by 55.83% at Rs 471.54 crore for Q1FY19 as compared Rs 1,067.46 crore for the corresponding quarter previous year.

National Steel and Agro Industries processes hot rolled (HR) steel to produce cost effective, quality steel products that find application across industries as diverse as construction, automobile, packaging and agriculture.

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