Morgan Industries reports standalone net loss of Rs 0.40 crore in the December 2015 quarter

Sales decline 46.94% to Rs 8.67 crore

Net loss of Morgan Industries reported to Rs 0.40 crore in the quarter ended December 2015 as against net profit of Rs 0.03 crore during the previous quarter ended December 2014. Sales declined 46.94% to Rs 8.67 crore in the quarter ended December 2015 as against Rs 16.34 crore during the previous quarter ended December 2014. ParticularsQuarter EndedDec. 2015Dec. 2014% Var.Sales8.6716.34 -47 OPM %4.734.10 -PBDT-0.250.08 PL PBT-0.400.03 PL NP-0.400.03 PL

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