Nova Iron & Steel reports standalone net loss of Rs 0.99 crore in the March 2016 quarter

Sales rise 1236.23% to Rs 9.22 crore

Net Loss of Nova Iron & Steel reported to Rs 0.99 crore in the quarter ended March 2016 as against net loss of Rs 2.18 crore during the previous quarter ended March 2015. Sales rose 1236.23% to Rs 9.22 crore in the quarter ended March 2016 as against Rs 0.69 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 4.45 crore in the year ended March 2016 as against net loss of Rs 1.99 crore during the previous year ended March 2015. Sales rose 206.29% to Rs 15.59 crore in the year ended March 2016 as against Rs 5.09 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales9.220.69 1236 15.595.09 206 OPM %-10.85-142.03 -6.41-9.43 - PBDT-2.43-8.09 70 -4.89-6.31 23 PBT-2.76-8.19 66 -6.22-8.00 22 NP-0.99-2.18 55 -4.45-1.99 -124

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