Lloyds Steel Industries has posted a net profit of Rs 39.16 crore for the quarter ended December compared with a loss of Rs 113.84 crore in the corresponding previous quarter. The company’s net sales during the period grew to Rs 726.62 crore from Rs 660.80 crore last year, up 9.96 per cent.
The company’s total expenditure during the quarter declined to Rs 660.41 crore against Rs 761.80 crore last year.
The earning per share stood at Rs 1.85.
The company’s revenues from the steel product category rose to RS 537.54 crore from Rs 390.68 crore last year. On the other hand, its revenues in the engineering product category stood at Rs 114.57 crore from Rs 47.44 crore.
On the Bombay Stock Exchange, the company’s stocks closed strong on Monday at Rs 12.15, up 4.92 per cent.
