Prakash Steelage reports standalone net loss of Rs 77.64 crore in the March 2017 quarter

Sales decline 96.19% to Rs 7.16 crore

Net Loss of Prakash Steelage reported to Rs 77.64 crore in the quarter ended March 2017 as against net loss of Rs 93.32 crore during the previous quarter ended March 2016. Sales declined 96.19% to Rs 7.16 crore in the quarter ended March 2017 as against Rs 187.96 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 151.40 crore in the year ended March 2017 as against net loss of Rs 81.44 crore during the previous year ended March 2016. Sales declined 74.22% to Rs 142.12 crore in the year ended March 2017 as against Rs 551.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales7.16187.96 -96 142.12551.35 -74 OPM %-18.99-31.24 --32.19-6.38 - PBDT27.59-61.86 LP -38.23-50.62 24 PBT26.82-63.11 LP -41.55-58.44 29 NP-77.64-93.32 17 -151.40-81.44 -86

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