Ashapura Minechem reports consolidated net loss of Rs 29.69 crore in the March 2017 quarter

Sales decline 29.22% to Rs 277.70 crore

Net Loss of Ashapura Minechem reported to Rs 29.69 crore in the quarter ended March 2017 as against net loss of Rs 0.28 crore during the previous quarter ended March 2016. Sales declined 29.22% to Rs 277.70 crore in the quarter ended March 2017 as against Rs 392.32 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 17.33 crore in the year ended March 2017 as against net profit of Rs 162.33 crore during the previous year ended March 2016. Sales declined 43.37% to Rs 984.39 crore in the year ended March 2017 as against Rs 1738.15 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales277.70392.32 -29 984.391738.15 -43 OPM %-0.947.66 -7.9913.70 - PBDT-5.9324.55 PL 73.66226.34 -67 PBT-22.8311.74 PL 12.05182.48 -93 NP-29.69-0.28 -10504 -17.33162.33 PL

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