Iron and steel producer Ispat Industries Ltd, promoted by Vinod Mittal, on Saturday announced a net loss of Rs 214.92 crore in the first quarter ended June 30, 2009.
It had earned a net profit of Rs 28.73 crore in the same period last fiscal, Ispat Industries said in a filing with the Bombay Stock Exchange.
Total income of the Kolkata-based company decreased to Rs 1,399.68 crore for the quarter under review from Rs 2,875.78 in the same period previous fiscal.
The company manufactures direct reduced iron, hot rolled coils, pig iron/hot metal, cold rolled/galvanized coils/sheets and colour coated sheets.
It had earned a net profit of Rs 28.73 crore in the same period last fiscal, Ispat Industries said in a filing with the Bombay Stock Exchange.
Total income of the Kolkata-based company decreased to Rs 1,399.68 crore for the quarter under review from Rs 2,875.78 in the same period previous fiscal.
The company manufactures direct reduced iron, hot rolled coils, pig iron/hot metal, cold rolled/galvanized coils/sheets and colour coated sheets.
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