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Monnet Ispat narrows loss to Rs 78 cr in Q3

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Press Trust of India New Delhi
Last Updated : Jan 21 2019 | 8:40 PM IST

Monnet Ispat & Energy Ltd (MIEL) Monday reported a loss of Rs 77.66 crore for the quarter ended December 31, 2018, against that of Rs 396.60 crore in the October-December period of the previous fiscal.

The standalone income of the company increased to Rs 499.07 crore in the third quarter of 2018-19 from Rs 322.42 crore in the corresponding quarter of the previous fiscal, Monnet Ispat & Energy Ltd said in a filing to BSE.

In a separate filing the company announced the "relinquishment of position by Sanjay Garodia, as the Chief Financial Officer of the company effective from 21st January, 2019."

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First Published: Jan 21 2019 | 8:40 PM IST

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