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Sales decline 98.91% to Rs 3.36 crore
Net loss of Nitin Fire Protection Industries reported to Rs 109.84 crore in the quarter ended March 2017 as against net profit of Rs 11.34 crore during the previous quarter ended March 2016. Sales declined 98.91% to Rs 3.36 crore in the quarter ended March 2017 as against Rs 308.21 crore during the previous quarter ended March 2016.For the full year,net loss reported to Rs 26.01 crore in the year ended March 2017 as against net profit of Rs 98.60 crore during the previous year ended March 2016. Sales declined 10.33% to Rs 1326.78 crore in the year ended March 2017 as against Rs 1479.70 crore during the previous year ended March 2016.
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