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Scan Steels standalone net profit rises 9200.00% in the March 2016 quarter

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Capital Market

Sales rise 3.88% to Rs 110.58 crore

Net profit of Scan Steels rose 9200.00% to Rs 3.72 crore in the quarter ended March 2016 as against Rs 0.04 crore during the previous quarter ended March 2015. Sales rose 3.88% to Rs 110.58 crore in the quarter ended March 2016 as against Rs 106.45 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 33.77 crore in the year ended March 2016 as against net profit of Rs 2.68 crore during the previous year ended March 2015. Sales declined 21.11% to Rs 353.09 crore in the year ended March 2016 as against Rs 447.55 crore during the previous year ended March 2015.

 
ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales110.58106.45 4 353.09447.55 -21 OPM %11.719.26 -2.0711.36 - PBDT7.821.16 574 -19.5717.67 PL PBT4.292.29 87 -32.035.53 PL NP3.720.04 9200 -33.772.68 PL

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First Published: May 25 2016 | 9:06 AM IST

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