Rain Industries reports consolidated net profit of Rs 114.76 crore in the December 2019 quarter

Capital Market 

Sales decline 17.82% to Rs 2830.42 crore

Net profit of Rain Industries reported to Rs 114.76 crore in the quarter ended December 2019 as against net loss of Rs 139.13 crore during the previous quarter ended December 2018. Sales declined 17.82% to Rs 2830.42 crore in the quarter ended December 2019 as against Rs 3444.07 crore during the previous quarter ended December 2018.

For the full year,net profit declined 32.71% to Rs 391.38 crore in the year ended December 2019 as against Rs 581.63 crore during the previous year ended December 2018. Sales declined 12.02% to Rs 12360.80 crore in the year ended December 2019 as against Rs 14048.99 crore during the previous year ended December 2018. ParticularsQuarter EndedYear EndedDec. 2019Dec. 2018% Var.Dec. 2019Dec. 2018% Var.Sales2830.423444.07 -18 12360.8014048.99 -12 OPM %12.863.43 -11.9813.99 - PBDT343.9819.76 1641 1184.731550.74 -24 PBT149.16-149.36 LP 590.71995.65 -41 NP114.76-139.13 LP 391.38581.63 -33

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First Published: Fri, February 28 2020. 16:13 IST