Nitin Castings reports standalone net loss of Rs 0.58 crore in the March 2018 quarter

Sales decline 24.03% to Rs 19.22 crore

Net Loss of Nitin Castings reported to Rs 0.58 crore in the quarter ended March 2018 as against net loss of Rs 0.30 crore during the previous quarter ended March 2017. Sales declined 24.03% to Rs 19.22 crore in the quarter ended March 2018 as against Rs 25.30 crore during the previous quarter ended March 2017.

For the full year,net profit declined 28.81% to Rs 0.84 crore in the year ended March 2018 as against Rs 1.18 crore during the previous year ended March 2017. Sales declined 13.32% to Rs 59.46 crore in the year ended March 2018 as against Rs 68.60 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales19.2225.30 -24 59.4668.60 -13 OPM %1.351.42 -7.857.32 - PBDT0.250.60 -58 4.755.51 -14 PBT-0.76-0.33 -130 0.891.73 -49 NP-0.58-0.30 -93 0.841.18 -29

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