Modern Steels reports net loss of Rs 1.62 crore in the March 2013 quarter

Net Loss of Modern Steels reported to Rs 1.62 crore in the quarter ended March 2013 as against net loss of Rs 3.18 crore during the previous quarter ended March 2012. Sales declined 27.55% to Rs 56.57 crore in the quarter ended March 2013 as against Rs 78.08 crore during the previous quarter ended March 2012.

For the Audited full year,net loss reported to Rs 13.72 crore in the year ended March 2013 as against net loss of Rs 9.81 crore during the previous year ended March 2012. Sales declined 22.52% to Rs 261.34 crore in the year ended March 2013 as against Rs 337.32 crore during the previous year ended March 2012.

ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales56.5778.08 -28 261.34337.32 -23 OPM %0.21-1.51 114 -1.231.77 -170 PBDT-1.06-3.89 73 -15.39-9.84 -56 PBT-2.17-4.72 54 -20.07-14.25 -41 NP-1.62-3.18 49 -13.72-9.81 -40

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