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SAL Steel reports net loss of Rs 2.83 crore in Q1

21 Aug 2012 Evaluate

SAL Steel has reported results for first quarter ended June 30, 2012.

The company has reported a net loss of Rs 2.83 crore for the quarter under review as compared to a net profit of Rs 0.03 crore for the same quarter in the previous year. However, the total income from operation of the company has zoomed by 108.88% at Rs 116.93 crore for Q1FY13 as compared Rs 55.98 crore for the corresponding quarter previous year.

SAL is engaged in manufacture of stainless steel (SS) products. The main products of the company include stainless steel, hot rolled (HR) sheets, coils, plates, slabs, flats, rounds, bars, etc.

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