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M M Forgings standalone net profit declines 62.67% in the March 2020 quarter

Capital Market 

Sales decline 32.92% to Rs 156.36 crore

Net profit of M M Forgings declined 62.67% to Rs 6.54 crore in the quarter ended March 2020 as against Rs 17.52 crore during the previous quarter ended March 2019. Sales declined 32.92% to Rs 156.36 crore in the quarter ended March 2020 as against Rs 233.09 crore during the previous quarter ended March 2019.

For the full year,net profit declined 43.16% to Rs 46.24 crore in the year ended March 2020 as against Rs 81.35 crore during the previous year ended March 2019. Sales declined 19.89% to Rs 710.90 crore in the year ended March 2020 as against Rs 887.37 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales156.36233.09 -33 710.90887.37 -20 OPM %14.3018.58 -17.6119.52 - PBDT20.7939.12 -47 110.66162.95 -32 PBT7.5625.96 -71 57.43108.54 -47 NP6.5417.52 -63 46.2481.35 -43

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

First Published: Thu, July 30 2020. 08:33 IST
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