Hariyana Ship Breakers standalone net profit declines 41.49% in the March 2017 quarter

Sales decline 19.02% to Rs 75.68 crore

Net profit of Hariyana Ship Breakers declined 41.49% to Rs 8.15 crore in the quarter ended March 2017 as against Rs 13.93 crore during the previous quarter ended March 2016. Sales declined 19.02% to Rs 75.68 crore in the quarter ended March 2017 as against Rs 93.46 crore during the previous quarter ended March 2016.

For the full year,net profit rose 27.32% to Rs 9.46 crore in the year ended March 2017 as against Rs 7.43 crore during the previous year ended March 2016. Sales declined 24.68% to Rs 275.45 crore in the year ended March 2017 as against Rs 365.70 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales75.6893.46 -19 275.45365.70 -25 OPM %-5.319.28 --4.01-2.02 - PBDT10.4614.85 -30 14.429.95 45 PBT10.0214.36 -30 12.467.86 59 NP8.1513.93 -41 9.467.43 27

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