Veto Switchgears & Cables consolidated net profit declines 84.39% in the March 2019 quarter

Sales decline 33.34% to Rs 46.92 crore

Net profit of Veto Switchgears & Cables declined 84.39% to Rs 1.11 crore in the quarter ended March 2019 as against Rs 7.11 crore during the previous quarter ended March 2018. Sales declined 33.34% to Rs 46.92 crore in the quarter ended March 2019 as against Rs 70.39 crore during the previous quarter ended March 2018.

For the full year,net profit declined 60.06% to Rs 11.57 crore in the year ended March 2019 as against Rs 28.97 crore during the previous year ended March 2018. Sales declined 13.74% to Rs 218.30 crore in the year ended March 2019 as against Rs 253.07 crore during the previous year ended March 2018.

ParticularsQuarter EndedYear EndedMar. 2019Mar. 2018% Var.Mar. 2019Mar. 2018% Var.Sales46.9270.39 -33 218.30253.07 -14 OPM %9.9115.53 -9.5916.31 - PBDT3.6010.77 -67 17.4240.50 -57 PBT3.1510.35 -70 15.9638.92 -59 NP1.117.11 -84 11.5728.97 -60

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