Sanghvi Forging & Engineering reports consolidated net loss of Rs 2.14 crore in the March 2016 quarter

Sales decline 38.25% to Rs 15.90 crore

Net Loss of Sanghvi Forging & Engineering reported to Rs 2.14 crore in the quarter ended March 2016 as against net loss of Rs 1.86 crore during the previous quarter ended March 2015. Sales declined 38.25% to Rs 15.90 crore in the quarter ended March 2016 as against Rs 25.75 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 10.40 crore in the year ended March 2016 as against net loss of Rs 8.14 crore during the previous year ended March 2015. Sales declined 18.61% to Rs 70.16 crore in the year ended March 2016 as against Rs 86.20 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales15.9025.75 -38 70.1686.20 -19 OPM %22.7719.50 -18.9718.35 - PBDT0.070.58 -88 -1.920.21 PL PBT-2.09-1.86 -12 -10.34-8.14 -27 NP-2.14-1.86 -15 -10.40-8.14 -28

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