Gem Spinners India standalone net profit rises 168.09% in the March 2016 quarter

Reported sales nil

Net profit of Gem Spinners India rose 168.09% to Rs 2.52 crore in the quarter ended March 2016 as against Rs 0.94 crore during the previous quarter ended March 2015. There were no Sales reported in the quarter ended March 2016 as against Rs 1.82 crore during the previous quarter ended March 2015.

For the full year,net profit reported to Rs 0.22 crore in the year ended March 2016 as against net loss of Rs 0.10 crore during the previous year ended March 2015. Sales declined 93.41% to Rs 0.88 crore in the year ended March 2016 as against Rs 13.36 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales01.82 -100 0.8813.36 -93 OPM %0-16.48 --134.09-10.03 - PBDT-0.06-0.30 80 -0.68-1.12 39 PBT-0.06-8.35 99 -0.87-9.39 91 NP2.520.94 168 0.22-0.10 LP

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