Steel Authority of India reports standalone net loss of Rs 771.30 crore in the March 2017 quarter

Sales rise 11.70% to Rs 12690.54 crore

Net Loss of Steel Authority of India reported to Rs 771.30 crore in the quarter ended March 2017 as against net loss of Rs 1184.64 crore during the previous quarter ended March 2016. Sales rose 11.70% to Rs 12690.54 crore in the quarter ended March 2017 as against Rs 11361.21 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2833.24 crore in the year ended March 2017 as against net loss of Rs 4021.44 crore during the previous year ended March 2016. Sales rose 13.83% to Rs 44452.41 crore in the year ended March 2017 as against Rs 39051.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales12690.5411361.21 12 44452.4139051.88 14 OPM %-2.08-7.96 -0.09-7.42 - PBDT-675.23-1372.30 51 -1954.17-4605.15 58 PBT-1419.16-2264.06 37 -4634.12-7007.50 34 NP-771.30-1184.64 35 -2833.24-4021.44 30

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