Bajaj Steel Industries reports standalone net loss of Rs 5.99 crore in the March 2017 quarter

Sales decline 30.45% to Rs 31.82 crore

Net Loss of Bajaj Steel Industries reported to Rs 5.99 crore in the quarter ended March 2017 as against net loss of Rs 7.69 crore during the previous quarter ended March 2016. Sales declined 30.45% to Rs 31.82 crore in the quarter ended March 2017 as against Rs 45.75 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 13.01 crore in the year ended March 2017 as against net loss of Rs 3.03 crore during the previous year ended March 2016. Sales declined 26.17% to Rs 207.21 crore in the year ended March 2017 as against Rs 280.66 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales31.8245.75 -30 207.21280.66 -26 OPM %-17.25-15.65 -0.154.54 - PBDT-6.15-7.69 20 -4.858.49 PL PBT-5.99-9.82 39 -13.01-2.76 -371 NP-5.99-7.69 22 -13.01-3.03 -329

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