Varun Shipping Company reports net loss of Rs 255.31 crore in the December 2013 quarter

Sales decline 86.98% to Rs 7.33 crore

Net Loss of Varun Shipping Company reported to Rs 255.31 crore in the quarter ended December 2013 as against net loss of Rs 13.98 crore during the previous quarter ended December 2012. Sales declined 86.98% to Rs 7.33 crore in the quarter ended December 2013 as against Rs 56.29 crore during the previous quarter ended December 2012.

For the full year,net loss reported to Rs 369.89 crore in the year ended December 2013 as against net profit of Rs 38.37 crore during the previous year ended September 2012. Sales declined 56.93% to Rs 200.50 crore in the year ended December 2013 as against Rs 465.50 crore during the previous year ended September 2012.

ParticularsQuarter EndedYear EndedDec. 2013Dec. 2012% Var.Dec. 2013Sep. 2012% Var.Sales7.3356.29 -87 200.50465.50 -57 OPM %-2301.234.83 --86.8243.34 - PBDT-209.19-28.52 -633 -346.2921.38 PL PBT-236.26-45.35 -421 -457.28-123.01 -272 NP-255.31-13.98 -1726 -369.8938.37 PL

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