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Ispat Industries : An integrated steel maker, swung to loss for the quarter ended September 2008. During the quarter, the company reported loss of Rs 267.40 million compared with a profit of Rs 135.40 million in the same quarter, last year. Net sales for the quarter surged 59.12% to Rs 32,231.70 million, while total income for the quarter jumped 57.36% to Rs 32,237.80 million, when compared with the prior year period.
The company posted loss of Rs 0.38 a share during the quarter compared with loss of Rs 0.05 a share in prior year period.
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