Oil Country Tubular reports standalone net loss of Rs 49.61 crore in the March 2017 quarter

Sales decline 96.47% to Rs 1.97 crore

Net loss of Oil Country Tubular reported to Rs 49.61 crore in the quarter ended March 2017 as against net profit of Rs 6.47 crore during the previous quarter ended March 2016. Sales declined 96.47% to Rs 1.97 crore in the quarter ended March 2017 as against Rs 55.80 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 83.96 crore in the year ended March 2017 as against net loss of Rs 6.60 crore during the previous year ended March 2016. Sales declined 95.22% to Rs 6.59 crore in the year ended March 2017 as against Rs 137.88 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.9755.80 -96 6.59137.88 -95 OPM %-255.8418.85 --240.9711.59 - PBDT-9.438.81 PL -28.7810.73 PL PBT-15.030.77 PL -51.18-12.50 -309 NP-49.616.47 PL -83.96-6.60 -1172

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