Mahindra Ugine Steel has reported results for first quarter ended June 30, 2012.
On standalone basis, the company has reported a net loss of Rs 38.48 crore for the quarter ended June 30, 2012 against net profit of Rs 0.50 crore for the corresponding period last fiscal. However, total income increased by 3.57% at Rs 384.78 crore during the quarter under review from Rs 371.53 crore in the year-ago period.
Mahindra Ugine Steel Company is engaged in the manufacturing of alloy & special steel through Electric Arc Furnace (EAF) route & caters to the automotive, engineering, bearing & other industries. The company manufactures a wide array of products including skin components, underbody components, critical assemblies, chassis components and car body sheet metal (Body in White) parts with a total capacity of 30,000 metric tons.
