Praj Industries consolidated net profit declines 40.75% in the March 2017 quarter

Capital Market May 24, 2017 Last Updated at 17:56 IST

Sales decline 8.84% to Rs 301.57 crore

Net profit of Praj Industries declined 40.75% to Rs 22.78 crore in the quarter ended March 2017 as against Rs 38.45 crore during the previous quarter ended March 2016. Sales declined 8.84% to Rs 301.57 crore in the quarter ended March 2017 as against Rs 330.83 crore during the previous quarter ended March 2016.

For the full year,net profit declined 45.93% to Rs 44.60 crore in the year ended March 2017 as against Rs 82.48 crore during the previous year ended March 2016. Sales declined 10.61% to Rs 914.99 crore in the year ended March 2017 as against Rs 1023.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales301.57330.83 -9 914.991023.61 -11 OPM %12.7013.84 -8.0011.28 - PBDT42.1151.88 -19 89.64130.44 -31 PBT36.7545.82 -20 67.52105.42 -36 NP22.7838.45 -41 44.6082.48 -46

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