Majestic Auto consolidated net profit declines 75.89% in the March 2017 quarter

Sales rise 13.57% to Rs 60.69 crore

Net profit of Majestic Auto declined 75.89% to Rs 2.29 crore in the quarter ended March 2017 as against Rs 9.50 crore during the previous quarter ended March 2016. Sales rose 13.57% to Rs 60.69 crore in the quarter ended March 2017 as against Rs 53.44 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3.76 crore in the year ended March 2017 as against net profit of Rs 10.88 crore during the previous year ended March 2016. Sales rose 44.04% to Rs 178.46 crore in the year ended March 2017 as against Rs 123.90 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales60.6953.44 14 178.46123.90 44 OPM %2.398.50 -0.870.43 - PBDT7.376.87 7 10.07-0.30 LP PBT2.571.44 78 -12.81-20.50 38 NP2.299.50 -76 -3.7610.88 PL

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