Stovec Industries standalone net profit declines 28.52% in the December 2019 quarter

Sales decline 1.47% to Rs 50.42 crore

Net profit of Stovec Industries declined 28.52% to Rs 5.59 crore in the quarter ended December 2019 as against Rs 7.82 crore during the previous quarter ended December 2018. Sales declined 1.47% to Rs 50.42 crore in the quarter ended December 2019 as against Rs 51.17 crore during the previous quarter ended December 2018.

For the full year,net profit declined 27.84% to Rs 27.94 crore in the year ended December 2019 as against Rs 38.72 crore during the previous year ended December 2018. Sales rose 0.35% to Rs 193.70 crore in the year ended December 2019 as against Rs 193.02 crore during the previous year ended December 2018.

ParticularsQuarter EndedYear EndedDec. 2019Dec. 2018% Var.Dec. 2019Dec. 2018% Var.Sales50.4251.17 -1 193.70193.02 0 OPM %15.3919.44 -18.7620.57 - PBDT8.5911.05 -22 41.6245.45 -8 PBT7.499.93 -25 37.2140.20 -7 NP5.597.82 -29 27.9438.72 -28

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