Uttam Value Steels reports standalone net loss of Rs 205.64 crore in the March 2017 quarter

Sales decline 30.31% to Rs 744.85 crore

Net Loss of Uttam Value Steels reported to Rs 205.64 crore in the quarter ended March 2017 as against net loss of Rs 212.11 crore during the previous quarter ended March 2016. Sales declined 30.31% to Rs 744.85 crore in the quarter ended March 2017 as against Rs 1068.82 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 509.24 crore in the year ended March 2017 as against net loss of Rs 520.14 crore during the previous year ended March 2016. Sales declined 6.18% to Rs 3511.63 crore in the year ended March 2017 as against Rs 3742.90 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales744.851068.82 -30 3511.633742.90 -6 OPM %-2.01-11.30 --1.09-4.81 - PBDT-57.13-183.83 69 -251.21-402.90 38 PBT-92.99-212.11 56 -396.59-520.14 24 NP-205.64-212.11 3 -509.24-520.14 2

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