Maithan Alloys standalone net profit declines 1.56% in the March 2018 quarter

Capital Market 

Sales decline 7.21% to Rs 440.40 crore

Net profit of Maithan Alloysdeclined 1.56% to Rs 88.98 crore in the quarter ended March 2018 as against Rs 90.39 crore during the previous quarter ended March 2017. Sales declined 7.21% to Rs 440.40 crore in the quarter ended March 2018 as against Rs 474.64 crore during the previous quarter ended March 2017.

For the full year,net profit rose 57.13% to Rs 291.75 crore in the year ended March 2018 as against Rs 185.67 crore during the previous year ended March 2017. Sales rose 40.00% to Rs 1878.96 crore in the year ended March 2018 as against Rs 1342.10 crore during the previous year ended March 2017. ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales440.40474.64 -7 1878.961342.10 40 OPM %23.4930.69 -20.0620.63 - PBDT111.75132.97 -16 391.35275.23 42 PBT108.09126.51 -15 375.91249.91 50 NP88.9890.39 -2 291.75185.67 57

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First Published: Wed, May 02 2018. 08:17 IST