Scan Steels standalone net profit declines 95.63% in the March 2018 quarter

Sales rise 74.54% to Rs 163.37 crore

Net profit of Scan Steels declined 95.63% to Rs 0.22 crore in the quarter ended March 2018 as against Rs 5.03 crore during the previous quarter ended March 2017. Sales rose 74.54% to Rs 163.37 crore in the quarter ended March 2018 as against Rs 93.60 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 1.97 crore in the year ended March 2018 as against net loss of Rs 11.81 crore during the previous year ended March 2017. Sales rose 25.41% to Rs 473.61 crore in the year ended March 2018 as against Rs 377.65 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales163.3793.60 75 473.61377.65 25 OPM %22.679.43 -12.174.30 - PBDT7.545.63 34 22.805.09 348 PBT1.10-1.14 LP 5.49-14.94 LP NP0.225.03 -96 -1.97-11.81 83

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