IP Rings standalone net profit rises 44.54% in the March 2017 quarter

Sales rise 29.06% to Rs 45.48 crore

Net profit of IP Rings rose 44.54% to Rs 1.72 crore in the quarter ended March 2017 as against Rs 1.19 crore during the previous quarter ended March 2016. Sales rose 29.06% to Rs 45.48 crore in the quarter ended March 2017 as against Rs 35.24 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 1.45 crore in the year ended March 2017 as against net profit of Rs 0.21 crore during the previous year ended March 2016. Sales rose 46.90% to Rs 173.59 crore in the year ended March 2017 as against Rs 118.17 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales45.4835.24 29 173.59118.17 47 OPM %6.6014.84 -7.6412.85 - PBDT2.223.02 -26 5.447.19 -24 PBT0.271.17 -77 -2.570.24 PL NP1.721.19 45 -1.450.21 PL

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