Nitco reports consolidated net loss of Rs 48.35 crore in the March 2021 quarter

Sales rise 48.89% to Rs 118.26 crore

Net loss of Nitco reported to Rs 48.35 crore in the quarter ended March 2021 as against net profit of Rs 20.92 crore during the previous quarter ended March 2020. Sales rose 48.89% to Rs 118.26 crore in the quarter ended March 2021 as against Rs 79.43 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 136.87 crore in the year ended March 2021 as against net loss of Rs 47.44 crore during the previous year ended March 2020. Sales declined 29.07% to Rs 325.12 crore in the year ended March 2021 as against Rs 458.38 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales118.2679.43 49 325.12458.38 -29 OPM %-19.16-67.85 --16.90-21.07 - PBDT-35.96-59.46 40 -105.43-110.88 5 PBT-44.58-67.01 33 -136.18-141.42 4 NP-48.3520.92 PL -136.87-47.44 -189

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