Modern Steels reports standalone net loss of Rs 1.10 crore in the March 2015 quarter

Sales rise 18.75% to Rs 77.83 crore

Net Loss of Modern Steels reported to Rs 1.10 crore in the quarter ended March 2015 as against net loss of Rs 3.16 crore during the previous quarter ended March 2014. Sales rose 18.75% to Rs 77.83 crore in the quarter ended March 2015 as against Rs 65.54 crore during the previous quarter ended March 2014.

For the full year,net loss reported to Rs 12.16 crore in the year ended March 2015 as against net loss of Rs 10.67 crore during the previous year ended March 2014. Sales rose 20.30% to Rs 316.44 crore in the year ended March 2015 as against Rs 263.04 crore during the previous year ended March 2014.

ParticularsQuarter EndedYear EndedMar. 2015Mar. 2014% Var.Mar. 2015Mar. 2014% Var.Sales77.8365.54 19 316.44263.04 20 OPM %2.082.18 -1.752.01 - PBDT-0.95-3.47 73 -12.57-10.91 -15 PBT-2.59-4.64 44 -18.40-15.58 -18 NP-1.10-3.16 65 -12.16-10.67 -14

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