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Nova Iron & Steel reports standalone net loss of Rs 1.00 crore in the June 2017 quarter

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Capital Market

Sales decline 81.10% to Rs 5.59 crore

Net loss of Nova Iron & Steel reported to Rs 1.00 crore in the quarter ended June 2017 as against net profit of Rs 5.16 crore during the previous quarter ended June 2016. Sales declined 81.10% to Rs 5.59 crore in the quarter ended June 2017 as against Rs 29.57 crore during the previous quarter ended June 2016. ParticularsQuarter EndedJun. 2017Jun. 2016% Var.Sales5.5929.57 -81 OPM %19.3224.69 -PBDT-0.745.44 PL PBT-1.005.16 PL NP-1.005.16 PL

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First Published: Aug 14 2017 | 5:19 PM IST

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