Electrotherm (India) has reported results for second quarter ended September 30, 2012.
The company has reported a net loss of Rs 91.48 crore for the quarter ended September 30, 2012 as compared to a net loss of Rs 152.99 crore for the same quarter in the previous year. Total income of the company has decreased by 31.48% at Rs 277.44 crore for quarter under review as compared to Rs 404.91 crore for the quarter ended September 30, 2011.
Electrotherm (India) established itself as a market leader in the induction of melting furnaces for the steel manufacturing in India and has further diversified into the steel manufacturing and electric vehicles business.