Inducto Steel Limited Reports Improved Revenue Amid Continued Losses in Q1
Inducto Steel Limited's Q1 financial results show a net loss of Rs 24.76 lakhs, improving from Rs 91.76 lakhs loss year-over-year. Revenue from operations increased by 18.60% to Rs 4,585.32 lakhs. Mumbai segment generated Rs 4,554.85 lakhs in revenue, while Bhavnagar contributed Rs 46.75 lakhs. EPS was negative Rs 0.62. Total expenses of Rs 4,621.00 lakhs slightly exceeded total income. Auditors raised concerns about the company's Rs 2,877.00 lakhs investment in a partnership firm, citing potential recoverability risks.