Net loss of Majestic Auto reported to Rs 0.61 crore in the quarter ended March 2018 as against net profit of Rs 0.80 crore during the previous quarter ended March 2017. Sales rose 7.04% to Rs 14.74 crore in the quarter ended March 2018 as against Rs 13.77 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 2.65 crore in the year ended March 2018 as against net loss of Rs 10.31 crore during the previous year ended March 2017. Sales declined 1.47% to Rs 55.77 crore in the year ended March 2018 as against Rs 56.60 crore during the previous year ended March 2017.

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Majestic Auto will hold a meeting of the Board of Directors of the Company on 14 May 2018.

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Majestic Auto announced that ICRA has withdrawn the long term rating [ICRA]BBB- (pronounced as ICRA Triple B Negative) and the Short term rating [ICRA]A3+ (pronounced ICRA A three plus) for Rs. 50.0 crore of the Company.

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Net Loss of Majestic Auto reported to Rs 3.93 crore in the quarter ended December 2017 as against net loss of Rs 6.53 crore during the previous quarter ended December 2016. Sales declined 2.60% to Rs 1.50 crore in the quarter ended December 2017 as against Rs 1.54 crore during the previous quarter ended December 2016.

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