Nitco reports standalone net loss of Rs 7.98 crore in the March 2017 quarter

Sales decline 12.69% to Rs 175.07 crore

Net Loss of Nitco reported to Rs 7.98 crore in the quarter ended March 2017 as against net loss of Rs 15.26 crore during the previous quarter ended March 2016. Sales declined 12.69% to Rs 175.07 crore in the quarter ended March 2017 as against Rs 200.51 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 32.32 crore in the year ended March 2017 as against net loss of Rs 62.77 crore during the previous year ended March 2016. Sales declined 10.95% to Rs 690.95 crore in the year ended March 2017 as against Rs 775.95 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales175.07200.51 -13 690.95775.95 -11 OPM %0.45-0.29 -1.00-0.60 - PBDT1.31-1.79 LP 5.66-8.93 LP PBT-7.98-12.73 37 -32.32-60.24 46 NP-7.98-15.26 48 -32.32-62.77 49

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