Nitco reports standalone net loss of Rs 15.26 crore in the March 2016 quarter

Sales rise 0.53% to Rs 200.51 crore

Net loss of Nitco reported to Rs 15.26 crore in the quarter ended March 2016 as against net profit of Rs 44.98 crore during the previous quarter ended March 2015. Sales rose 0.53% to Rs 200.51 crore in the quarter ended March 2016 as against Rs 199.46 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 62.77 crore in the year ended March 2016 as against net loss of Rs 127.22 crore during the previous year ended March 2015. Sales declined 5.83% to Rs 775.95 crore in the year ended March 2016 as against Rs 823.99 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales200.51199.46 1 775.95823.99 -6 OPM %-0.29-1.25 --0.60-2.03 - PBDT-1.7968.48 PL -8.93-57.97 85 PBT-12.7351.95 PL -60.24-120.25 50 NP-15.2644.98 PL -62.77-127.22 51

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