Nitin Castings reports standalone net loss of Rs 0.27 crore in the March 2017 quarter

Sales rise 241.92% to Rs 18.19 crore

Net Loss of Nitin Castings reported to Rs 0.27 crore in the quarter ended March 2017 as against net loss of Rs 0.62 crore during the previous quarter ended March 2016. Sales rose 241.92% to Rs 18.19 crore in the quarter ended March 2017 as against Rs 5.32 crore during the previous quarter ended March 2016.

For the full year,net profit rose 56.41% to Rs 1.22 crore in the year ended March 2017 as against Rs 0.78 crore during the previous year ended March 2016. Sales rose 103.61% to Rs 61.49 crore in the year ended March 2017 as against Rs 30.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales18.195.32 242 61.4930.20 104 OPM %2.42-5.83 -8.367.09 - PBDT0.65-0.22 LP 5.582.24 149 PBT-0.28-0.49 43 1.801.17 54 NP-0.27-0.62 56 1.220.78 56

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