Panyam Cements & Mineral Industries standalone net profit declines 34.04% in the March 2017 quarter

Sales rise 6.46% to Rs 52.40 crore

Net profit of Panyam Cements & Mineral Industries declined 34.04% to Rs 0.31 crore in the quarter ended March 2017 as against Rs 0.47 crore during the previous quarter ended March 2016. Sales rose 6.46% to Rs 52.40 crore in the quarter ended March 2017 as against Rs 49.22 crore during the previous quarter ended March 2016.

For the full year,net profit declined 60.30% to Rs 4.24 crore in the year ended March 2017 as against Rs 10.68 crore during the previous year ended March 2016. Sales declined 2.10% to Rs 208.08 crore in the year ended March 2017 as against Rs 212.55 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales52.4049.22 6 208.08212.55 -2 OPM %10.022.93 -8.3510.18 - PBDT3.112.16 44 12.2817.58 -30 PBT0.540.57 -5 5.2611.31 -53 NP0.310.47 -34 4.2410.68 -60

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