Orient Abrasives standalone net profit declines 40.69% in the March 2021 quarter

Sales decline 6.17% to Rs 84.37 crore

Net profit of Orient Abrasives declined 40.69% to Rs 2.58 crore in the quarter ended March 2021 as against Rs 4.35 crore during the previous quarter ended March 2020. Sales declined 6.17% to Rs 84.37 crore in the quarter ended March 2021 as against Rs 89.92 crore during the previous quarter ended March 2020.

For the full year,net profit declined 44.70% to Rs 11.37 crore in the year ended March 2021 as against Rs 20.56 crore during the previous year ended March 2020. Sales declined 12.63% to Rs 302.17 crore in the year ended March 2021 as against Rs 345.85 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales84.3789.92 -6 302.17345.85 -13 OPM %9.6211.10 -10.2312.87 - PBDT7.969.02 -12 27.0637.88 -29 PBT5.256.35 -17 15.9627.60 -42 NP2.584.35 -41 11.3720.56 -45

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