Uttam Galva Steels’ Q1 net rises 13%

Uttam Galva Steels has reported results for first quarter ended June 30, 2012.

The company has reported a rise of 12.53% in its net profit at Rs 10.24 crore for the quarter under review as compared to Rs 9.10 crore for the same quarter in the previous year. The total income from operation of the company has increased by 34.21% at Rs 2057.72 crore for Q1FY13 as compared Rs 1533.21 crore for the corresponding quarter previous year.

Uttam Galva Steels (UGSL) is engaged in the business of manufacturing Cold Rolling (CR) Coils, Cold Rolled Close Annealed (CRCA), Galvanized Plain Products (GP) and Galvanized Corrugated Products (GC). Company has emerged as one of the largest manufacturers of cold rolled steel ('CR') and galvanized steel (GP) in Western India.