RMG Alloy Steel reports standalone net loss of Rs 16.87 crore in the March 2017 quarter

Sales decline 13.95% to Rs 51.01 crore

Net Loss of RMG Alloy Steel reported to Rs 16.87 crore in the quarter ended March 2017 as against net loss of Rs 10.71 crore during the previous quarter ended March 2016. Sales declined 13.95% to Rs 51.01 crore in the quarter ended March 2017 as against Rs 59.28 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 58.52 crore in the year ended March 2017 as against net loss of Rs 60.07 crore during the previous year ended March 2016. Sales declined 12.59% to Rs 234.41 crore in the year ended March 2017 as against Rs 268.16 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales51.0159.28 -14 234.41268.16 -13 OPM %-9.16-8.00 --6.69-4.81 - PBDT-15.27-14.54 -5 -54.43-56.65 4 PBT-16.87-12.46 -35 -61.02-63.28 4 NP-16.87-10.71 -58 -58.52-60.07 3

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