Modern Steels reports net loss of Rs 3.16 crore in the March 2014 quarter

Sales rise 15.86% to Rs 65.54 crore

Net Loss of Modern Steels reported to Rs 3.16 crore in the quarter ended March 2014 as against net loss of Rs 1.62 crore during the previous quarter ended March 2013. Sales rose 15.86% to Rs 65.54 crore in the quarter ended March 2014 as against Rs 56.57 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 10.67 crore in the year ended March 2014 as against net loss of Rs 13.72 crore during the previous year ended March 2013. Sales rose 0.65% to Rs 263.04 crore in the year ended March 2014 as against Rs 261.34 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales65.5456.57 16 263.04261.34 1 OPM %2.180.21 -2.01-1.23 - PBDT-3.47-1.06 -227 -10.91-15.39 29 PBT-4.64-2.17 -114 -15.58-20.07 22 NP-3.16-1.62 -95 -10.67-13.72 22

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