Amit Spinning Industries reports standalone net profit of Rs 3.50 crore in the March 2017 quarter

Sales rise 23.08% to Rs 0.16 crore

Net profit of Amit Spinning Industries reported to Rs 3.50 crore in the quarter ended March 2017 as against net loss of Rs 5.40 crore during the previous quarter ended March 2016. Sales rose 23.08% to Rs 0.16 crore in the quarter ended March 2017 as against Rs 0.13 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 13.22 crore in the year ended March 2017 as against net loss of Rs 15.03 crore during the previous year ended March 2016. Sales declined 55.56% to Rs 0.16 crore in the year ended March 2017 as against Rs 0.36 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales0.160.13 23 0.160.36 -56 OPM %-1531.25-2523.08 --9150.00-2358.33 - PBDT-0.54-4.51 88 -14.66-11.56 -27 PBT-0.91-5.40 83 -17.63-15.03 -17 NP3.50-5.40 LP -13.22-15.03 12

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