Steel Authority of India reports standalone net loss of Rs 1230.93 crore in the March 2016 quarter

Sales decline 2.25% to Rs 11211.86 crore

Net loss of Steel Authority of India reported to Rs 1230.93 crore in the quarter ended March 2016 as against net profit of Rs 334.22 crore during the previous quarter ended March 2015. Sales declined 2.25% to Rs 11211.86 crore in the quarter ended March 2016 as against Rs 11469.37 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 4137.26 crore in the year ended March 2016 as against net profit of Rs 2092.68 crore during the previous year ended March 2015. Sales declined 14.81% to Rs 38513.70 crore in the year ended March 2016 as against Rs 45208.05 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales11211.8611469.37 -2 38513.7045208.05 -15 OPM %-10.027.97 --9.4310.14 - PBDT-1562.04782.20 PL -5098.904132.19 PL PBT-2340.63275.19 PL -7198.442358.91 PL NP-1230.93334.22 PL -4137.262092.68 PL

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