SPS Steels Rolling Mills reports net loss of Rs 142.81 crore in the March 2013 quarter

Net Loss of SPS Steels Rolling Mills reported to Rs 142.81 crore in the quarter ended March 2013 as against net loss of Rs 17.95 crore during the previous quarter ended March 2012. Sales declined 53.00% to Rs 321.71 crore in the quarter ended March 2013 as against Rs 684.52 crore during the previous quarter ended March 2012.

For the Audited full year,net loss reported to Rs 242.01 crore in the year ended March 2013 as against net profit of Rs 0.27 crore during the previous year ended March 2012. Sales rose 0.11% to Rs 2178.47 crore in the year ended March 2013 as against Rs 2176.03 crore during the previous year ended March 2012.

ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales321.71684.52 -53 2178.472176.03 0 OPM %-9.852.37 -515 -1.405.37 -126 PBDT-48.44-7.57 -540 -137.0415.59 PL PBT-51.07-14.57 -251 -150.090.34 PL NP-142.81-17.95 -696 -242.010.27 PL

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