Kitex Garments standalone net profit declines 39.87% in the March 2017 quarter

Sales decline 9.14% to Rs 156.50 crore

Net profit of Kitex Garments declined 39.87% to Rs 27.00 crore in the quarter ended March 2017 as against Rs 44.90 crore during the previous quarter ended March 2016. Sales declined 9.14% to Rs 156.50 crore in the quarter ended March 2017 as against Rs 172.24 crore during the previous quarter ended March 2016.

For the full year,net profit declined 17.45% to Rs 92.54 crore in the year ended March 2017 as against Rs 112.10 crore during the previous year ended March 2016. Sales declined 2.89% to Rs 484.81 crore in the year ended March 2017 as against Rs 499.26 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales156.50172.24 -9 484.81499.26 -3 OPM %30.6441.19 -35.1337.73 - PBDT45.8670.70 -35 163.06192.33 -15 PBT40.7765.91 -38 142.70171.06 -17 NP27.0044.90 -40 92.54112.10 -17

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