Rathi Steel & Power reports standalone net loss of Rs 8.80 crore in the March 2017 quarter

Sales decline 34.25% to Rs 100.92 crore

Net Loss of Rathi Steel & Power reported to Rs 8.80 crore in the quarter ended March 2017 as against net loss of Rs 15.13 crore during the previous quarter ended March 2016. Sales declined 34.25% to Rs 100.92 crore in the quarter ended March 2017 as against Rs 153.50 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 63.31 crore in the year ended March 2017 as against net loss of Rs 91.06 crore during the previous year ended March 2016. Sales declined 36.09% to Rs 381.75 crore in the year ended March 2017 as against Rs 597.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales100.92153.50 -34 381.75597.35 -36 OPM %0.15-6.18 --7.05-8.40 - PBDT-2.95-9.25 68 -39.92-67.46 41 PBT-8.80-15.14 42 -63.31-91.07 30 NP-8.80-15.13 42 -63.31-91.06 30

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