Vardhman Industries standalone net profit declines 38.02% in the March 2017 quarter

Sales decline 50.36% to Rs 37.78 crore

Net profit of Vardhman Industries declined 38.02% to Rs 1.50 crore in the quarter ended March 2017 as against Rs 2.42 crore during the previous quarter ended March 2016. Sales declined 50.36% to Rs 37.78 crore in the quarter ended March 2017 as against Rs 76.11 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 24.04 crore in the year ended March 2017 as against net profit of Rs 4.71 crore during the previous year ended March 2016. Sales declined 23.83% to Rs 186.73 crore in the year ended March 2017 as against Rs 245.14 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales37.7876.11 -50 186.73245.14 -24 OPM %8.445.27 -6.496.71 - PBDT2.572.86 -10 4.8210.87 -56 PBT1.112.41 -54 -0.995.01 PL NP1.502.42 -38 -24.044.71 PL

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