01 JUNE 2016AlCircle.com
Ess Dee Aluminium reports net loss in the March 2016 quarter
Edited by : AL CIRCLE
1 min read
Ess Dee Aluminium reports consolidated net loss of Rs 62.94 crore in the March 2016 quarter.
Ess Dee Aluminium reported net loss of Rs 62.94 crore in the quarter ended March 2016 as against net profit of Rs 6.72 crore during the previous quarter ended March 2015. Sales declined 84.15% to Rs 32.60 crore in the quarter ended March 2016 as against Rs 205.67 crore during the previous quarter ended March 2015.
For the full year,net loss reported to Rs 86.55 crore in the year ended March 2016 as against net profit of Rs 37.41 crore during the previous year ended March 2015. Sales declined 46.40% to Rs 456.21 crore in the year ended March 2016 as against Rs 851.13 crore during the previous year ended March 2015.
The stock is down 5.64% or INR 4.4 after the news, hitting INR 73.6 per share. Ess Dee Aluminium Limited has declined 76.81% since November 3, 2015 and is downtrending. It has underperformed by 77.86%. The move comes after 7 months negative chart setup for the INR 2.37 billion company.
Ess Dee Aluminium reported net loss of Rs 62.94 crore in the quarter ended March 2016 as against net profit of Rs 6.72 crore during the previous quarter ended March 2015. Sales declined 84.15% to Rs 32.60 crore in the quarter ended March 2016 as against Rs 205.67 crore during the previous quarter ended March 2015.
For the full year,net loss reported to Rs 86.55 crore in the year ended March 2016 as against net profit of Rs 37.41 crore during the previous year ended March 2015. Sales declined 46.40% to Rs 456.21 crore in the year ended March 2016 as against Rs 851.13 crore during the previous year ended March 2015.
The stock is down 5.64% or INR 4.4 after the news, hitting INR 73.6 per share. Ess Dee Aluminium Limited has declined 76.81% since November 3, 2015 and is downtrending. It has underperformed by 77.86%. The move comes after 7 months negative chart setup for the INR 2.37 billion company.
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