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Mideast Integrated Steels reports standalone net loss of Rs 22.23 crore in the December 2019 quarter

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Capital Market

Sales decline 57.52% to Rs 88.67 crore

Net loss of Mideast Integrated Steels reported to Rs 22.23 crore in the quarter ended December 2019 as against net profit of Rs 21.88 crore during the previous quarter ended December 2018. Sales declined 57.52% to Rs 88.67 crore in the quarter ended December 2019 as against Rs 208.75 crore during the previous quarter ended December 2018. ParticularsQuarter EndedDec. 2019Dec. 2018% Var.Sales88.67208.75 -58 OPM %-9.36-6.51 -PBDT-6.9736.00 PL PBT-20.7321.88 PL NP-22.2321.88 PL

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First Published: Feb 27 2020 | 5:12 PM IST

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