Remi Edelstahl Tubulars reports standalone net loss of Rs 0.33 crore in the March 2017 quarter

Sales decline 26.73% to Rs 18.28 crore

Net loss of Remi Edelstahl Tubulars reported to Rs 0.33 crore in the quarter ended March 2017 as against net profit of Rs 3.01 crore during the previous quarter ended March 2016. Sales declined 26.73% to Rs 18.28 crore in the quarter ended March 2017 as against Rs 24.95 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 4.38 crore in the year ended March 2017 as against net loss of Rs 6.09 crore during the previous year ended March 2016. Sales declined 35.09% to Rs 65.46 crore in the year ended March 2017 as against Rs 100.84 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales18.2824.95 -27 65.46100.84 -35 OPM %-4.2121.12 --4.23-0.47 - PBDT0.555.96 -91 -3.17-4.08 22 PBT-0.634.80 PL -7.88-8.92 12 NP-0.333.01 PL -4.38-6.09 28

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