Binani Industries standalone net profit declines 56.69% in the March 2017 quarter

Sales decline 87.81% to Rs 9.78 crore

Net profit of Binani Industries declined 56.69% to Rs 8.96 crore in the quarter ended March 2017 as against Rs 20.69 crore during the previous quarter ended March 2016. Sales declined 87.81% to Rs 9.78 crore in the quarter ended March 2017 as against Rs 80.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 44.28% to Rs 10.66 crore in the year ended March 2017 as against Rs 19.13 crore during the previous year ended March 2016. Sales declined 39.00% to Rs 158.97 crore in the year ended March 2017 as against Rs 260.60 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales9.7880.26 -88 158.97260.60 -39 OPM %-66.8720.75 --5.614.70 - PBDT13.0519.14 -32 15.9919.09 -16 PBT12.5918.66 -33 14.2916.88 -15 NP8.9620.69 -57 10.6619.13 -44

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