Jindal Drilling & Industries reports standalone net loss of Rs 6.36 crore in the March 2017 quarter

Sales decline 22.97% to Rs 60.98 crore

Net loss of Jindal Drilling & Industries reported to Rs 6.36 crore in the quarter ended March 2017 as against net profit of Rs 3.04 crore during the previous quarter ended March 2016. Sales declined 22.97% to Rs 60.98 crore in the quarter ended March 2017 as against Rs 79.16 crore during the previous quarter ended March 2016.

For the full year,net profit declined 46.67% to Rs 16.97 crore in the year ended March 2017 as against Rs 31.82 crore during the previous year ended March 2016. Sales rose 16.22% to Rs 371.60 crore in the year ended March 2017 as against Rs 319.74 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales60.9879.16 -23 371.60319.74 16 OPM %-9.716.16 -4.3810.81 - PBDT-6.357.90 PL 32.9263.76 -48 PBT-8.364.99 PL 23.6949.06 -52 NP-6.363.04 PL 16.9731.82 -47

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