Tips Industries reports standalone net profit of Rs 0.21 crore in the March 2016 quarter

Sales rise 226.84% to Rs 33.37 crore

Net profit of Tips Industries reported to Rs 0.21 crore in the quarter ended March 2016 as against net loss of Rs 7.67 crore during the previous quarter ended March 2015. Sales rose 226.84% to Rs 33.37 crore in the quarter ended March 2016 as against Rs 10.21 crore during the previous quarter ended March 2015.

For the full year,net profit rose 12.22% to Rs 3.03 crore in the year ended March 2016 as against Rs 2.70 crore during the previous year ended March 2015. Sales declined 33.13% to Rs 68.44 crore in the year ended March 2016 as against Rs 102.35 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales33.3710.21 227 68.44102.35 -33 OPM %5.36-65.03 -21.8714.71 - PBDT0.64-9.38 LP 5.425.06 7 PBT0.26-9.81 LP 3.813.31 15 NP0.21-7.67 LP 3.032.70 12

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