Steel exchange India reports standalone net loss of Rs 94 crore

Steel exchange India reports standalone net loss of Rs 94 crore
01/06/2017 , by , in ALLIED

Net Loss of Steel Exchange India reported to Rs 94.00 crore in the quarter ended March 2017 as against net loss of Rs 2.04 crore during the previous quarter ended March 2016. Sales declined 37.61% to Rs 300.70 crore in the quarter ended March 2017 as against Rs 481.94 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 157.13 crore in the year ended March 2017 as against net profit of Rs 7.39 crore during the previous year ended March 2016. Sales declined 23.44% to Rs 1279.39 crore in the year ended March 2017 as against Rs 1671.14 crore during the previous year ended March 2016.

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