Metkore Alloys & Industries reports standalone net loss of Rs 3.28 crore in the March 2016 quarter

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Sales decline 99.39% to Rs 0.24 crore
Net loss of Metkore Alloys & Industries reported to Rs 3.28 crore in the quarter ended March 2016 as against net profit of Rs 0.74 crore during the previous quarter ended March 2015. Sales declined 99.39% to Rs 0.24 crore in the quarter ended March 2016 as against Rs 39.50 crore during the previous quarter ended March 2015.For the full year,net loss reported to Rs 11.34 crore in the year ended March 2016 as against net profit of Rs 3.36 crore during the previous year ended March 2015. Sales declined 84.29% to Rs 45.24 crore in the year ended March 2016 as against Rs 288.02 crore during the previous year ended March 2015.
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First Published: May 30 2016 | 6:52 PM IST