Varun Shipping Company reports net loss of Rs 54.94 crore in the September 2013 quarter

Sales decline 58.48% to Rs 35.63 crore

Net Loss of Varun Shipping Company reported to Rs 54.94 crore in the quarter ended September 2013 as against net loss of Rs 116.03 crore during the previous quarter ended September 2012. Sales declined 58.48% to Rs 35.63 crore in the quarter ended September 2013 as against Rs 85.82 crore during the previous quarter ended September 2012.

For the full year,net loss reported to Rs 114.58 crore in the year ended September 2013 as against net profit of Rs 38.37 crore during the previous year ended September 2012. Sales declined 58.50% to Rs 193.16 crore in the year ended September 2013 as against Rs 465.50 crore during the previous year ended September 2012.

ParticularsQuarter EndedYear EndedSep. 2013Sep. 2012% Var.Sep. 2013Sep. 2012% Var.Sales35.6385.82 -58 193.16465.50 -59 OPM %-25.4622.49 --2.8043.34 - PBDT-54.48-33.49 -63 -137.1021.38 PL PBT-83.20-48.12 -73 -221.02-123.01 -80 NP-54.94-116.03 53 -114.5838.37 PL

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