Monnet Ispat & Energy reports standalone net loss of Rs 459.52 crore in the March 2017 quarter

Sales decline 6.70% to Rs 348.27 crore

Net Loss of Monnet Ispat & Energy reported to Rs 459.52 crore in the quarter ended March 2017 as against net loss of Rs 438.65 crore during the previous quarter ended March 2016. Sales declined 6.70% to Rs 348.27 crore in the quarter ended March 2017 as against Rs 373.27 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 1733.86 crore in the year ended March 2017 as against net loss of Rs 1704.74 crore during the previous year ended March 2016. Sales declined 32.23% to Rs 1235.75 crore in the year ended March 2017 as against Rs 1823.47 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales348.27373.27 -7 1235.751823.47 -32 OPM %1.22-19.44 --6.93-20.21 - PBDT-284.12-266.94 -6 -1162.54-1256.41 7 PBT-374.93-356.52 -5 -1518.90-1615.13 6 NP-459.52-438.65 -5 -1733.86-1704.74 -2

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