Monnet Ispat Q4 net loss widens at Rs 459.5 cr

Monnet Ispat & Energy Ltd today reported widening of standalone net loss at Rs 459.5 crore for the fourth quarter ended March 2017.

Its net loss stood at Rs 438.6 crore during January-March 2016, the company said in a BSE filing.

The company's total income declined to Rs 389.2 crore in the reported quarter compared to Rs 412.1 crore in the year- ago period.

Shares of the company closed at Rs 37.5 on the BSE, up 2.04 per cent from the previous close.