Cosboard Industries standalone net profit declines 62.00% in the March 2016 quarter

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Sales rise 99.15% to Rs 16.39 crore
Net profit of Cosboard Industries declined 62.00% to Rs 0.57 crore in the quarter ended March 2016 as against Rs 1.50 crore during the previous quarter ended March 2015. Sales rose 99.15% to Rs 16.39 crore in the quarter ended March 2016 as against Rs 8.23 crore during the previous quarter ended March 2015.For the full year,net profit declined 23.48% to Rs 1.76 crore in the year ended March 2016 as against Rs 2.30 crore during the previous year ended March 2015. Sales rose 51.24% to Rs 62.78 crore in the year ended March 2016 as against Rs 41.51 crore during the previous year ended March 2015.
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First Published: May 30 2016 | 4:09 PM IST