CG Power & Industrial Solutions reports consolidated net loss of Rs 444.00 crore in the March 2017 quarter

Sales decline 7.60% to Rs 1710.06 crore

Net Loss of CG Power & Industrial Solutions reported to Rs 444.00 crore in the quarter ended March 2017 as against net loss of Rs 92.90 crore during the previous quarter ended March 2016. Sales declined 7.60% to Rs 1710.06 crore in the quarter ended March 2017 as against Rs 1850.67 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 490.63 crore in the year ended March 2017 as against net loss of Rs 460.62 crore during the previous year ended March 2016. Sales rose 9.38% to Rs 6119.75 crore in the year ended March 2017 as against Rs 5594.95 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1710.061850.67 -8 6119.755594.95 9 OPM %-17.24-4.53 --2.16-2.57 - PBDT-333.98-79.25 -321 -251.31-110.98 -126 PBT-377.75-124.38 -204 -401.30-282.63 -42 NP-444.00-92.90 -378 -490.63-460.62 -7

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