Electrosteel Steels reports standalone net loss of Rs 293.34 crore in the March 2017 quarter

Capital Market May 16, 2017 Last Updated at 14:22 IST

Sales decline 21.32% to Rs 676.15 crore

Net loss of Electrosteel Steels reported to Rs 293.34 crore in the quarter ended March 2017 as against net profit of Rs 265.15 crore during the previous quarter ended March 2016. Sales declined 21.32% to Rs 676.15 crore in the quarter ended March 2017 as against Rs 859.32 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 1463.48 crore in the year ended March 2017 as against net loss of Rs 367.99 crore during the previous year ended March 2016. Sales declined 2.17% to Rs 2541.25 crore in the year ended March 2017 as against Rs 2597.69 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales676.15859.32 -21 2541.252597.69 -2 OPM %6.5619.12 -2.032.66 - PBDT-175.4839.70 PL -984.66-441.93 -123 PBT-293.34-11.37 -2480 -1463.48-644.51 -127 NP-293.34265.15 PL -1463.48-367.99 -298

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