Natronix-SPEL Board considered the Unaudited Financial Results for the FY Q3 2015-16. Sales was 4.93 Crores resulting with a net Loss of 5.38 Crores (after tax).
Combined outcome of recent devastating floods and reduction in Customer demand due to traditional year end holidays resulted in the above loss for the quarter. Disruptions due to shutdown had resulted in piling up of inventories.
However, the Forecast from top Customers for FY Q4 2015-16 is positive than previous quarters, which will result in reducing losses.
Statement of Standalone Unaudited Financial Results for the quarter and nine months ended Dec 31, 2015