Balasore Alloys reports standalone net profit of Rs 46.00 crore in the March 2017 quarter

Sales rise 86.53% to Rs 346.99 crore

Net profit of Balasore Alloys reported to Rs 46.00 crore in the quarter ended March 2017 as against net loss of Rs 2.20 crore during the previous quarter ended March 2016. Sales rose 86.53% to Rs 346.99 crore in the quarter ended March 2017 as against Rs 186.02 crore during the previous quarter ended March 2016.

For the full year,net profit rose 378.97% to Rs 89.52 crore in the year ended March 2017 as against Rs 18.69 crore during the previous year ended March 2016. Sales rose 20.75% to Rs 1011.81 crore in the year ended March 2017 as against Rs 837.97 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales346.99186.02 87 1011.81837.97 21 OPM %27.778.90 -20.1310.59 - PBDT81.857.45 999 164.3357.25 187 PBT76.032.92 2504 141.5334.99 304 NP46.00-2.20 LP 89.5218.69 379

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