Kanishk Steel Industries reports standalone net loss of Rs 0.26 crore in the March 2017 quarter

Sales decline 17.12% to Rs 64.11 crore

Net Loss of Kanishk Steel Industries reported to Rs 0.26 crore in the quarter ended March 2017 as against net loss of Rs 0.19 crore during the previous quarter ended March 2016. Sales declined 17.12% to Rs 64.11 crore in the quarter ended March 2017 as against Rs 77.35 crore during the previous quarter ended March 2016.

For the full year,net profit declined 93.87% to Rs 0.29 crore in the year ended March 2017 as against Rs 4.73 crore during the previous year ended March 2016. Sales declined 15.98% to Rs 229.04 crore in the year ended March 2017 as against Rs 272.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales64.1177.35 -17 229.04272.61 -16 OPM %-5.63-2.42 --0.100.26 - PBDT0.530.62 -15 3.188.00 -60 PBT0.120.10 20 1.306.12 -79 NP-0.26-0.19 -37 0.294.73 -94

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