Bihar Sponge Iron reports net profit of Rs 0.58 crore in the March 2014 quarter

Reported sales nil

Net profit of Bihar Sponge Iron reported to Rs 0.58 crore in the quarter ended March 2014 as against net loss of Rs 5.13 crore during the previous quarter ended March 2013. There were no Sales reported in the quarter ended March 2014 as against Rs 26.39 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 17.74 crore in the year ended March 2014 as against net loss of Rs 26.08 crore during the previous year ended March 2013. Sales declined 84.15% to Rs 19.10 crore in the year ended March 2014 as against Rs 120.54 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales026.39 -100 19.10120.54 -84 OPM %0-17.13 --52.51-15.31 - PBDT2.44-4.27 LP -13.28-27.38 51 PBT1.61-5.13 LP -16.71-30.84 46 NP0.58-5.13 LP -17.74-26.08 32

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