Bannari Amman Spinning Mills reports standalone net loss of Rs 2.44 crore in the March 2018 quarter

Sales decline 11.01% to Rs 231.49 crore

Net Loss of Bannari Amman Spinning Mills reported to Rs 2.44 crore in the quarter ended March 2018 as against net loss of Rs 6.16 crore during the previous quarter ended March 2017. Sales declined 11.01% to Rs 231.49 crore in the quarter ended March 2018 as against Rs 260.13 crore during the previous quarter ended March 2017.

For the full year,net profit declined 34.46% to Rs 7.34 crore in the year ended March 2018 as against Rs 11.20 crore during the previous year ended March 2017. Sales rose 2.72% to Rs 892.04 crore in the year ended March 2018 as against Rs 868.45 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales231.49260.13 -11 892.04868.45 3 OPM %7.414.57 -9.759.84 - PBDT4.212.10 100 35.8744.02 -19 PBT-1.36-5.55 75 7.6414.45 -47 NP-2.44-6.16 60 7.3411.20 -34

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