Alps Industries standalone net profit declines 35.95% in the March 2016 quarter

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Sales decline 17.04% to Rs 120.24 crore
Net profit of Alps Industries declined 35.95% to Rs 55.69 crore in the quarter ended March 2016 as against Rs 86.95 crore during the previous quarter ended March 2015. Sales declined 17.04% to Rs 120.24 crore in the quarter ended March 2016 as against Rs 144.93 crore during the previous quarter ended March 2015.For the full year,net profit reported to Rs 20.22 crore in the year ended March 2016 as against net loss of Rs 29.49 crore during the previous year ended March 2015. Sales declined 9.26% to Rs 548.56 crore in the year ended March 2016 as against Rs 604.55 crore during the previous year ended March 2015.
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First Published: Jun 03 2016 | 9:06 AM IST