Piramal Enterprises standalone net profit declines 96.11% in the March 2017 quarter

Sales decline 11.59% to Rs 923.94 crore

Net profit of Piramal Enterprises declined 96.11% to Rs 11.39 crore in the quarter ended March 2017 as against Rs 292.88 crore during the previous quarter ended March 2016. Sales declined 11.59% to Rs 923.94 crore in the quarter ended March 2017 as against Rs 1045.01 crore during the previous quarter ended March 2016.

For the full year,net profit declined 21.99% to Rs 776.78 crore in the year ended March 2017 as against Rs 995.70 crore during the previous year ended March 2016. Sales rose 11.28% to Rs 3766.21 crore in the year ended March 2017 as against Rs 3384.35 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales923.941045.01 -12 3766.213384.35 11 OPM %21.8045.70 -48.7438.65 - PBDT47.69242.81 -80 1014.42993.01 2 PBT23.05219.67 -90 919.93913.46 1 NP11.39292.88 -96 776.78995.70 -22

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