Monnet Ispat and Energy said its net loss for the quarter ended December 2015 has widened to Rs 4,791.70. It reported a net loss of Rs 2,428.10 million in the same quarter last year.
Revenues for the quarter declined 55.94% to Rs 3,428.10 million, compared with Rs 7,780.90 million for the prior year period.
Operating margin for the quarter stood at negative 61.03 percent as compared to a negative 2.71 percent for the previous year period. Operating loss for the quarter was Rs 2,092.30 million, compared with an operating loss of Rs 210.90 million in the previous year period.
Earnings per share stood negative at Rs 70.70 compared with negative Rs 36.89 in the same quarter last year.
Quarterly Results - Standalone (Rs in mn) |
As at | Dec - 15 | Dec - 14 | %Change |
Revenues | 3,428.10 | 7,780.90 | (55.94) |
Net Profit | (4,791.70) | (2,428.10) | - |
Diluted EPS | (70.70) | (36.89) | - |
Shares of the company gained Rs 0.8, or 3.72%, to trade at Rs 22.30. The total volume of shares traded was 64,352 at the BSE (3.20 p.m., Friday).