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IP Rings standalone net profit declines 91.26% in the September 2019 quarter

Capital Market 

Sales decline 3.35% to Rs 51.58 crore

Net profit of IP Rings declined 91.26% to Rs 0.16 crore in the quarter ended September 2019 as against Rs 1.83 crore during the previous quarter ended September 2018. Sales declined 3.35% to Rs 51.58 crore in the quarter ended September 2019 as against Rs 53.37 crore during the previous quarter ended September 2018. ParticularsQuarter EndedSep. 2019Sep. 2018% Var.Sales51.5853.37 -3 OPM %8.8812.78 -PBDT2.995.07 -41 PBT0.112.67 -96 NP0.161.83 -91

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 09 2019. 09:59 IST
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