September 06, 2008

UGSL Q2 net profit up by 10.9% YoY

Uttam Galva Steels Limited has reported a net profit of INR 30.55 crore for July to September 2007 quarter up by 10.9% YoY as compared to INR 27.55 crore during July to September 2006 quarter. UGSL’s net sales in July to September 2007 stood at INR 870.59 crore up by 32.5% YoY.

UGSL’s net sales for April to September 2007 period amounted to INR 1,592.57 crore up by 32% YoY as compared to INR 1,206.64 crore during April to September 2006 period.

Mr Ankit Miglani director commercial of UGSL said “We have maintained a continual growth pattern in line with the market scenario. Our expansion plans are almost complete and additional capacities will be online in the second half of the year.”