Ahmedabad Steelcraft standalone net profit declines 69.72% in the March 2017 quarter

Sales decline 46.34% to Rs 1.10 crore

Net profit of Ahmedabad Steelcraft declined 69.72% to Rs 0.43 crore in the quarter ended March 2017 as against Rs 1.42 crore during the previous quarter ended March 2016. Sales declined 46.34% to Rs 1.10 crore in the quarter ended March 2017 as against Rs 2.05 crore during the previous quarter ended March 2016.

For the full year,net profit declined 86.90% to Rs 0.11 crore in the year ended March 2017 as against Rs 0.84 crore during the previous year ended March 2016. Sales rose 31.03% to Rs 4.18 crore in the year ended March 2017 as against Rs 3.19 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.102.05 -46 4.183.19 31 OPM %-34.55-4.39 --28.95-27.90 - PBDT0.481.41 -66 0.211.05 -80 PBT0.441.38 -68 0.050.80 -94 NP0.431.42 -70 0.110.84 -87

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