Splendid Metal Products reports standalone net loss of Rs 298.18 crore in the March 2018 quarter

Sales rise 30.42% to Rs 215.84 crore

Net Loss of Splendid Metal Products reported to Rs 298.18 crore in the quarter ended March 2018 as against net loss of Rs 180.70 crore during the previous quarter ended March 2017. Sales rose 30.42% to Rs 215.84 crore in the quarter ended March 2018 as against Rs 165.49 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 731.99 crore in the year ended March 2018 as against net loss of Rs 341.75 crore during the previous year ended March 2017. Sales declined 60.98% to Rs 514.95 crore in the year ended March 2018 as against Rs 1319.87 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales215.84165.49 30 514.951319.87 -61 OPM %-241.05-91.83 --152.34-10.41 - PBDT-386.94-216.13 -79 -784.00-398.70 -97 PBT-395.14-224.52 -76 -817.29-432.40 -89 NP-298.18-180.70 -65 -731.99-341.75 -114

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