Niwas Spinning Mills reports standalone net loss of Rs 0.49 crore in the March 2017 quarter

Sales decline 11.85% to Rs 2.90 crore

Net loss of Niwas Spinning Mills reported to Rs 0.49 crore in the quarter ended March 2017 as against net profit of Rs 6.14 crore during the previous quarter ended March 2016. Sales declined 11.85% to Rs 2.90 crore in the quarter ended March 2017 as against Rs 3.29 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 0.71 crore in the year ended March 2017 as against net profit of Rs 5.37 crore during the previous year ended March 2016. Sales rose 24.75% to Rs 6.35 crore in the year ended March 2017 as against Rs 5.09 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales2.903.29 -12 6.355.09 25 OPM %-16.21-27.66 --4.09-19.45 - PBDT-0.31-1.02 70 -0.11-1.28 91 PBT-0.49-1.19 59 -0.71-1.96 64 NP-0.496.14 PL -0.715.37 PL

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