Magna Industries & Exports standalone net profit rises 35.71% in the March 2016 quarter

Sales decline 66.74% to Rs 3.04 crore

Net profit of Magna Industries & Exports rose 35.71% to Rs 0.38 crore in the quarter ended March 2016 as against Rs 0.28 crore during the previous quarter ended March 2015. Sales declined 66.74% to Rs 3.04 crore in the quarter ended March 2016 as against Rs 9.14 crore during the previous quarter ended March 2015.

For the full year,net profit rose 13.56% to Rs 0.67 crore in the year ended March 2016 as against Rs 0.59 crore during the previous year ended March 2015. Sales declined 29.50% to Rs 20.60 crore in the year ended March 2016 as against Rs 29.22 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales3.049.14 -67 20.6029.22 -30 OPM %-79.93-26.04 --9.71-6.71 - PBDT0.550.45 22 0.990.91 9 PBT0.550.44 25 0.970.89 9 NP0.380.28 36 0.670.59 14

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