GSL Nova Petrochemicals reports standalone net loss of Rs 3.23 crore in the March 2017 quarter

Sales decline 52.87% to Rs 3.28 crore

Net loss of GSL Nova Petrochemicals reported to Rs 3.23 crore in the quarter ended March 2017 as against net profit of Rs 8.31 crore during the previous quarter ended March 2016. Sales declined 52.87% to Rs 3.28 crore in the quarter ended March 2017 as against Rs 6.96 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 5.50 crore in the year ended March 2017 as against net profit of Rs 2.38 crore during the previous year ended March 2016. Sales rose 78.58% to Rs 15.34 crore in the year ended March 2017 as against Rs 8.59 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales3.286.96 -53 15.348.59 79 OPM %-85.987.04 --5.0218.39 - PBDT-3.190.20 PL -5.02-5.24 4 PBT-3.230.04 PL -5.50-5.89 7 NP-3.238.31 PL -5.502.38 PL

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