Vertex Spinning reports net loss of Rs 0.95 crore in the March 2014 quarter

Sales decline 96.13% to Rs 0.06 crore

Net loss of Vertex Spinning reported to Rs 0.95 crore in the quarter ended March 2014 as against net profit of Rs 0.36 crore during the previous quarter ended March 2013. Sales declined 96.13% to Rs 0.06 crore in the quarter ended March 2014 as against Rs 1.55 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 3.31 crore in the year ended March 2014 as against net loss of Rs 1.50 crore during the previous year ended March 2013. Sales declined 80.00% to Rs 0.80 crore in the year ended March 2014 as against Rs 4.00 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales0.061.55 -96 0.804.00 -80 OPM %-150.0078.71 -15.0046.25 - PBDT-0.091.22 PL 0.121.85 -94 PBT-0.950.36 PL -3.31-1.58 -109 NP-0.950.36 PL -3.31-1.50 -121

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