Manaksia Steels standalone net profit declines 62.80% in the March 2015 quarter

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Sales decline 41.55% to Rs 68.61 crore
Net profit of Manaksia Steels declined 62.80% to Rs 1.22 crore in the quarter ended March 2015 as against Rs 3.28 crore during the previous quarter ended March 2014. Sales declined 41.55% to Rs 68.61 crore in the quarter ended March 2015 as against Rs 117.38 crore during the previous quarter ended March 2014.For the full year,net profit declined 22.24% to Rs 8.18 crore in the year ended March 2015 as against Rs 10.52 crore during the previous year ended March 2014. Sales rose 52.67% to Rs 323.52 crore in the year ended March 2015 as against Rs 211.91 crore during the previous year ended March 2014.
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First Published: May 16 2015 | 3:15 PM IST