Z F Steering Gear (India) standalone net profit declines 11.21% in the March 2017 quarter

Sales decline 11.89% to Rs 96.12 crore

Net profit of Z F Steering Gear (India) declined 11.21% to Rs 11.48 crore in the quarter ended March 2017 as against Rs 12.93 crore during the previous quarter ended March 2016. Sales declined 11.89% to Rs 96.12 crore in the quarter ended March 2017 as against Rs 109.09 crore during the previous quarter ended March 2016.

For the full year,net profit declined 1.20% to Rs 44.52 crore in the year ended March 2017 as against Rs 45.06 crore during the previous year ended March 2016. Sales rose 2.26% to Rs 389.92 crore in the year ended March 2017 as against Rs 381.31 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales96.12109.09 -12 389.92381.31 2 OPM %22.0620.94 -20.4520.67 - PBDT21.2322.92 -7 85.0083.00 2 PBT13.4916.24 -17 57.1158.26 -2 NP11.4812.93 -11 44.5245.06 -1

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