Nitesh Estates reports standalone net loss of Rs 17.84 crore in the March 2017 quarter

Sales decline 69.94% to Rs 1.47 crore

Net Loss of Nitesh Estates reported to Rs 17.84 crore in the quarter ended March 2017 as against net loss of Rs 17.41 crore during the previous quarter ended March 2016. Sales declined 69.94% to Rs 1.47 crore in the quarter ended March 2017 as against Rs 4.89 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 44.63 crore in the year ended March 2017 as against net loss of Rs 21.37 crore during the previous year ended March 2016. Sales declined 13.98% to Rs 74.27 crore in the year ended March 2017 as against Rs 86.34 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.474.89 -70 74.2786.34 -14 OPM %-724.49-308.59 --19.63-6.12 - PBDT-17.74-17.05 -4 -44.13-20.39 -116 PBT-17.94-17.60 -2 -44.82-21.71 -106 NP-17.84-17.41 -2 -44.63-21.37 -109

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