Panama Petrochem standalone net profit rises 265.28% in the March 2017 quarter

Capital Market June 1, 2017 Last Updated at 15:56 IST

Sales rise 26.22% to Rs 195.49 crore

Net profit of Panama Petrochem rose 265.28% to Rs 12.31 crore in the quarter ended March 2017 as against Rs 3.37 crore during the previous quarter ended March 2016. Sales rose 26.22% to Rs 195.49 crore in the quarter ended March 2017 as against Rs 154.88 crore during the previous quarter ended March 2016.

For the full year,net profit rose 99.70% to Rs 40.34 crore in the year ended March 2017 as against Rs 20.20 crore during the previous year ended March 2016. Sales rose 9.14% to Rs 725.38 crore in the year ended March 2017 as against Rs 664.61 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales195.49154.88 26 725.38664.61 9 OPM %10.105.35 -9.665.97 - PBDT19.266.80 183 65.9134.63 90 PBT18.446.06 204 62.7531.70 98 NP12.313.37 265 40.3420.20 100

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