Magna Eletrocasting standalone net profit declines 85.19% in the March 2020 quarter

Sales decline 37.18% to Rs 20.19 crore

Net profit of Magna Eletrocasting declined 85.19% to Rs 0.28 crore in the quarter ended March 2020 as against Rs 1.89 crore during the previous quarter ended March 2019. Sales declined 37.18% to Rs 20.19 crore in the quarter ended March 2020 as against Rs 32.14 crore during the previous quarter ended March 2019.

For the full year,net profit declined 41.32% to Rs 6.69 crore in the year ended March 2020 as against Rs 11.40 crore during the previous year ended March 2019. Sales declined 21.64% to Rs 96.32 crore in the year ended March 2020 as against Rs 122.92 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales20.1932.14 -37 96.32122.92 -22 OPM %3.2211.73 -11.2414.47 - PBDT1.474.27 -66 12.8620.45 -37 PBT0.442.86 -85 8.5015.02 -43 NP0.281.89 -85 6.6911.40 -41

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