Global Offshore Services reports consolidated net loss of Rs 55.35 crore in the March 2017 quarter

Sales decline 57.67% to Rs 36.21 crore

Net Loss of Global Offshore Services reported to Rs 55.35 crore in the quarter ended March 2017 as against net loss of Rs 3.93 crore during the previous quarter ended March 2016. Sales declined 57.67% to Rs 36.21 crore in the quarter ended March 2017 as against Rs 85.54 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 125.34 crore in the year ended March 2017 as against net loss of Rs 11.26 crore during the previous year ended March 2016. Sales declined 57.37% to Rs 156.21 crore in the year ended March 2017 as against Rs 366.45 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales36.2185.54 -58 156.21366.45 -57 OPM %-109.1127.40 --28.2529.03 - PBDT-64.997.81 PL -106.4545.49 PL PBT-81.15-7.69 -955 -174.57-25.14 -594 NP-55.35-3.93 -1308 -125.34-11.26 -1013

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