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Monnet Ispat & Energy reports standalone net loss of Rs 434.00 crore in the March 2016 quarter

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Capital Market

Sales decline 46.65% to Rs 373.27 crore

Net Loss of Monnet Ispat & Energy reported to Rs 434.00 crore in the quarter ended March 2016 as against net loss of Rs 492.32 crore during the previous quarter ended March 2015. Sales declined 46.65% to Rs 373.27 crore in the quarter ended March 2016 as against Rs 699.64 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 1683.23 crore in the year ended March 2016 as against net loss of Rs 795.88 crore during the previous year ended March 2015. Sales declined 42.54% to Rs 1823.47 crore in the year ended March 2016 as against Rs 3173.22 crore during the previous year ended March 2015.

 
ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales373.27699.64 -47 1823.473173.22 -43 OPM %-17.98-20.21 --18.804.79 - PBDT-262.04-389.80 33 -1234.52-454.36 -172 PBT-351.87-491.05 28 -1593.62-735.80 -117 NP-434.00-492.32 12 -1683.23-795.88 -111

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First Published: May 31 2016 | 10:22 AM IST

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