Gujarat Raffia Industries standalone net profit declines 40.91% in the March 2024 quarter

Sales decline 34.35% to Rs 7.11 crore

Net profit of Gujarat Raffia Industries declined 40.91% to Rs 0.13 crore in the quarter ended March 2024 as against Rs 0.22 crore during the previous quarter ended March 2023. Sales declined 34.35% to Rs 7.11 crore in the quarter ended March 2024 as against Rs 10.83 crore during the previous quarter ended March 2023.

For the full year,net profit declined 49.51% to Rs 0.52 crore in the year ended March 2024 as against Rs 1.03 crore during the previous year ended March 2023. Sales declined 21.23% to Rs 30.91 crore in the year ended March 2024 as against Rs 39.24 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales7.1110.83 -34 30.9139.24 -21 OPM %8.160.28 -5.113.77 - PBDT0.540.59 -8 1.992.56 -22 PBT0.210.28 -25 0.671.28 -48 NP0.130.22 -41 0.521.03 -50

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