Greaves Cotton consolidated net profit declines 98.32% in the March 2020 quarter

Sales decline 28.55% to Rs 386.19 crore

Net profit of Greaves Cotton declined 98.32% to Rs 0.57 crore in the quarter ended March 2020 as against Rs 33.89 crore during the previous quarter ended March 2019. Sales declined 28.55% to Rs 386.19 crore in the quarter ended March 2020 as against Rs 540.50 crore during the previous quarter ended March 2019.

For the full year,net profit declined 21.58% to Rs 129.17 crore in the year ended March 2020 as against Rs 164.71 crore during the previous year ended March 2019. Sales declined 5.18% to Rs 1910.96 crore in the year ended March 2020 as against Rs 2015.32 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales386.19540.50 -29 1910.962015.32 -5 OPM %6.1112.36 -11.0013.51 - PBDT25.3574.49 -66 225.22309.96 -27 PBT7.6061.19 -88 164.28257.79 -36 NP0.5733.89 -98 129.17164.71 -22

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