Steelco Gujarat, a leading exporter, manufacturer & supplier of engineering and industrial components, on Thursday reported rise in its standalone net loss at Rs 15.45 crore during the second quarter ended September 30, 2017 as compared to net loss of Rs 6.37 crore in the previous year quarter.
“Net revenue of the company rose substantially by 22.03 per cent at Rs 154.87 crore in July-September quarter of this fiscal as against Rs 126.91 crore in the corresponding period last year,” Steelco Gujarat said in a filing to the Bombay Stock Exchange.
During July-September quarter, operating expenses increased by 26.79 per cent to Rs 164.48 crore from Rs 129.73 crore in year ago period.
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