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Electrotherm (India) reports net loss of Rs 91.48 crore in Q2

28 Nov 2012 Evaluate

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.

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