Orient Abrasives standalone net profit declines 7.45% in the March 2020 quarter

Sales rise 5.70% to Rs 89.92 crore

Net profit of Orient Abrasives declined 7.45% to Rs 4.35 crore in the quarter ended March 2020 as against Rs 4.70 crore during the previous quarter ended March 2019. Sales rose 5.70% to Rs 89.92 crore in the quarter ended March 2020 as against Rs 85.07 crore during the previous quarter ended March 2019.

For the full year,net profit rose 27.15% to Rs 20.56 crore in the year ended March 2020 as against Rs 16.17 crore during the previous year ended March 2019. Sales rose 10.51% to Rs 345.85 crore in the year ended March 2020 as against Rs 312.97 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales89.9285.07 6 345.85312.97 11 OPM %9.1911.92 -12.3812.55 - PBDT9.028.89 1 37.8931.67 20 PBT6.356.28 1 27.6120.72 33 NP4.354.70 -7 20.5616.17 27

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