Ashirwad Steels & Industries net profit declines 51.43% in the March 2013 quarter

Net profit of Ashirwad Steels & Industries declined 51.43% to Rs 0.68 crore in the quarter ended March 2013 as against Rs 1.40 crore during the previous quarter ended March 2012. Sales declined 38.85% to Rs 9.49 crore in the quarter ended March 2013 as against Rs 15.52 crore during the previous quarter ended March 2012.

For the Audited full year,net profit reported to Rs 0.80 crore in the year ended March 2013 as against net loss of Rs 3.64 crore during the previous year ended March 2012. Sales declined 16.68% to Rs 49.96 crore in the year ended March 2013 as against Rs 59.96 crore during the previous year ended March 2012.

ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales9.4915.52 -39 49.9659.96 -17 OPM %7.485.15 45 0.44-6.94 106 PBDT0.971.69 -43 1.96-2.63 LP PBT0.681.40 -51 0.83-3.75 LP NP0.681.40 -51 0.80-3.64 LP

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