Nova Iron & Steel reports standalone net loss of Rs 2.18 crore in the March 2015 quarter

Sales decline 72.83% to Rs 0.69 crore

Net loss of Nova Iron & Steel reported to Rs 2.18 crore in the quarter ended March 2015 as against net profit of Rs 2.47 crore during the previous quarter ended March 2014. Sales declined 72.83% to Rs 0.69 crore in the quarter ended March 2015 as against Rs 2.54 crore during the previous quarter ended March 2014.

For the full year,net loss reported to Rs 1.99 crore in the year ended March 2015 as against net profit of Rs 6.97 crore during the previous year ended March 2014. Sales declined 81.64% to Rs 5.09 crore in the year ended March 2015 as against Rs 27.73 crore during the previous year ended March 2014.

ParticularsQuarter EndedYear EndedMar. 2015Mar. 2014% Var.Mar. 2015Mar. 2014% Var.Sales0.692.54 -73 5.0927.73 -82 OPM %-142.03232.28 --9.4366.97 - PBDT-2.183.15 PL -6.319.57 PL PBT-2.282.52 PL -8.007.02 PL NP-2.182.47 PL -1.996.97 PL

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