Modern Steels reported net loss to Rs 0.26 crore in the quarter ended March 2012 as against net profit of Rs 1.00 crore during the previous quarter ended March 2011. Sales declined 21.39% to Rs 78.08 crore in the quarter ended March 2012 as against Rs 99.32 crore during the previous quarter ended March 2011.
For the Audited full year,net loss reported to Rs 9.81 crore in the year ended March 2012 as against net profit of Rs 8.23 crore during the previous year ended March 2011. Sales declined 2.66% to Rs 337.32 crore in the year ended March 2012 as against Rs 346.55 crore during the previous year ended March 2011.
| Particulars | Quarter Ended | Year Ended |
| | Mar. 2012 | Mar. 2011 | % Var. | Mar. 2012 | Mar. 2011 | % Var. |
| Sales | 78.08 | 99.32 | -21 | 337.32 | 346.55 | -3 |
| OPM % | -1.01 | 5.81 | -117 | 0.76 | 7.82 | -90 |
| PBDT | -3.89 | 2.96 | PL | -9.84 | 17.02 | PL |
| PBT | -4.72 | 1.62 | PL | -14.25 | 12.26 | PL |
| NP | -0.26 | 1.00 | PL | -9.81 | 8.23 | PL |