Niraj Ispat Industries standalone net profit declines 62.26% in the March 2017 quarter

Sales decline 16.36% to Rs 1.79 crore

Net profit of Niraj Ispat Industries declined 62.26% to Rs 0.20 crore in the quarter ended March 2017 as against Rs 0.53 crore during the previous quarter ended March 2016. Sales declined 16.36% to Rs 1.79 crore in the quarter ended March 2017 as against Rs 2.14 crore during the previous quarter ended March 2016.

For the full year,net profit declined 5.21% to Rs 0.91 crore in the year ended March 2017 as against Rs 0.96 crore during the previous year ended March 2016. Sales rose 3.37% to Rs 7.06 crore in the year ended March 2017 as against Rs 6.83 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.792.14 -16 7.066.83 3 OPM %32.4029.91 -21.9520.50 - PBDT0.620.78 -21 1.711.63 5 PBT0.530.77 -31 1.411.39 1 NP0.200.53 -62 0.910.96 -5

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