Gujarat Craft Industries standalone net profit declines 24.32% in the March 2017 quarter

Sales decline 7.88% to Rs 28.88 crore

Net profit of Gujarat Craft Industries declined 24.32% to Rs 0.28 crore in the quarter ended March 2017 as against Rs 0.37 crore during the previous quarter ended March 2016. Sales declined 7.88% to Rs 28.88 crore in the quarter ended March 2017 as against Rs 31.35 crore during the previous quarter ended March 2016.

For the full year,net profit rose 10.45% to Rs 1.48 crore in the year ended March 2017 as against Rs 1.34 crore during the previous year ended March 2016. Sales declined 15.37% to Rs 97.62 crore in the year ended March 2017 as against Rs 115.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales28.8831.35 -8 97.62115.35 -15 OPM %7.386.41 -6.866.65 - PBDT0.851.03 -17 3.793.81 -1 PBT0.430.60 -28 2.072.07 0 NP0.280.37 -24 1.481.34 10

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