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Monnet Ispat reports net loss of Rs 459.52 crore in Q4FY17

Monnet Ispat & Energy has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a net loss of Rs 459.52 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 438.65 crore for the same quarter in the previous year. Total income of the company decreased by 5.58 % at Rs 389.19 crore for quarter under review as compared to Rs 412.17 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a net loss of Rs 1733.86 crore as compared to a net loss of Rs 1704.74 crore in FY16. Total income of the company decreased by 33.02% at Rs 1408.62 crore for year under review as compared to Rs 2103.12 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a net loss of Rs 2132.32 crore as compared to a net loss of Rs 1917.36 crore in the previous year. Total income of the company decreased by 33% at Rs 1412.37 crore for year under review as compared to Rs 2107.91 crore for the year ended March 31, 2016.

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