Uttam Value Steels Limited reported unaudited standalone earnings results for the first quarter ended June 30, 2016. For the quarter, the company’s net sales/income from operations was INR 8,990.3 million compared to INR 10,316.6 million a year ago. Loss from operations before other income, finance cost and exceptional items were INR 516.9 million compared to INR 115.9 million a year ago. Net loss from ordinary activities before tax was INR 1,068 million compared to INR 488.5 million a year ago. Net loss was INR 1,068 million or INR 0.16 per basic and diluted share before and after extraordinary items compared to INR 488.5 million or INR 0.37 per basic and diluted share before and after extraordinary items for the same period a year ago.