Nitin Castings reports standalone net loss of Rs 0.45 crore in the March 2020 quarter

Sales decline 34.55% to Rs 13.62 crore

Net loss of Nitin Castings reported to Rs 0.45 crore in the quarter ended March 2020 as against net profit of Rs 0.43 crore during the previous quarter ended March 2019. Sales declined 34.55% to Rs 13.62 crore in the quarter ended March 2020 as against Rs 20.81 crore during the previous quarter ended March 2019.

For the full year,net profit declined 43.16% to Rs 1.33 crore in the year ended March 2020 as against Rs 2.34 crore during the previous year ended March 2019. Sales declined 13.12% to Rs 64.08 crore in the year ended March 2020 as against Rs 73.76 crore during the previous year ended March 2019.

 

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales13.6220.81 -35 64.0873.76 -13 OPM %3.303.75 -10.2110.39 - PBDT0.521.68 -69 6.178.45 -27 PBT-0.600.60 PL 1.674.14 -60 NP-0.450.43 PL 1.332.34 -43

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