Maris Spinners reports standalone net loss of Rs 0.13 crore in the March 2016 quarter

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Sales decline 25.13% to Rs 23.06 crore
Net loss of Maris Spinners reported to Rs 0.13 crore in the quarter ended March 2016 as against net profit of Rs 0.40 crore during the previous quarter ended March 2015. Sales declined 25.13% to Rs 23.06 crore in the quarter ended March 2016 as against Rs 30.80 crore during the previous quarter ended March 2015.For the full year,net profit declined 3.63% to Rs 3.19 crore in the year ended March 2016 as against Rs 3.31 crore during the previous year ended March 2015. Sales declined 12.38% to Rs 104.87 crore in the year ended March 2016 as against Rs 119.69 crore during the previous year ended March 2015.
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First Published: May 31 2016 | 11:20 AM IST