Gallantt Ispat standalone net profit rises 75.67% in the March 2017 quarter

Sales decline 31.22% to Rs 100.26 crore

Net profit of Gallantt Ispat rose 75.67% to Rs 7.22 crore in the quarter ended March 2017 as against Rs 4.11 crore during the previous quarter ended March 2016. Sales declined 31.22% to Rs 100.26 crore in the quarter ended March 2017 as against Rs 145.77 crore during the previous quarter ended March 2016.

For the full year,net profit rose 54.77% to Rs 44.25 crore in the year ended March 2017 as against Rs 28.59 crore during the previous year ended March 2016. Sales declined 20.58% to Rs 424.71 crore in the year ended March 2017 as against Rs 534.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales100.26145.77 -31 424.71534.76 -21 OPM %12.907.65 -12.439.83 - PBDT11.078.28 34 48.5544.93 8 PBT8.174.95 65 36.1431.02 17 NP7.224.11 76 44.2528.59 55

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