Ashapura Minechem reports standalone net loss of Rs 20.12 crore in the March 2017 quarter

Sales decline 52.22% to Rs 48.87 crore

Net Loss of Ashapura Minechem reported to Rs 20.12 crore in the quarter ended March 2017 as against net loss of Rs 4.92 crore during the previous quarter ended March 2016. Sales declined 52.22% to Rs 48.87 crore in the quarter ended March 2017 as against Rs 102.28 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 58.97 crore in the year ended March 2017 as against net profit of Rs 64.69 crore during the previous year ended March 2016. Sales declined 59.64% to Rs 227.44 crore in the year ended March 2017 as against Rs 563.47 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales48.87102.28 -52 227.44563.47 -60 OPM %-29.286.99 --16.5912.88 - PBDT-14.075.17 PL -34.6169.67 PL PBT-20.12-0.48 -4092 -58.9749.26 PL NP-20.12-4.92 -309 -58.9764.69 PL

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