McDowell Holdings reported net loss of Rs 1.15 crore in the audited full year ended March 2011 as against net profit of Rs 2.63 crore during the previous full year ended March 2010. Sales declined 65.26% to Rs 2.30 crore in the audited full year ended March 2011 as against Rs 6.62 crore during the previous full year ended March 2010.