Uttam Value Steels Limited reported unaudited standalone earnings results for the second quarter and six months ended September 30, 2016. For the quarter, net sales/income from operation was INR 8,257.8 million against INR 7,502.6 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 516.6 million against INR 1,189.5 million a year ago. Loss from ordinary activities before tax was INR 526.9 million against INR 2,048.9 million a year ago. Net loss was INR 526.9 million or INR 0.08 per basic and diluted share against INR 2,048.9 million or INR 1.55 per basic and diluted share a year ago. For the six months, net sales/income from operation was INR 17,248.1 million against INR 26,740.9 million a year ago. Loss from operation before other income, finance cost and exceptional item was INR 1,033.5 million against INR 1,482.2 million a year ago. Loss from ordinary activities before tax was INR 1,594.9 million against INR 3,080.4 million a year ago. Net loss was INR 1,594.9 million or INR 0.24 per basic and diluted share against INR 3,080.4 million or INR 2.33 per basic and diluted share a year ago.