Cravatex standalone net profit declines 93.36% in the March 2018 quarter

Sales decline 98.60% to Rs 0.45 crore

Net profit of Cravatex declined 93.36% to Rs 0.18 crore in the quarter ended March 2018 as against Rs 2.71 crore during the previous quarter ended March 2017. Sales declined 98.60% to Rs 0.45 crore in the quarter ended March 2018 as against Rs 32.17 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 0.42 crore in the year ended March 2018 as against net loss of Rs 3.15 crore during the previous year ended March 2017. Sales declined 99.53% to Rs 0.74 crore in the year ended March 2018 as against Rs 156.97 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales0.4532.17 -99 0.74156.97 -100 OPM %-246.67-11.50 --368.92-1.28 - PBDT0.46-4.62 LP 1.27-8.09 LP PBT0.23-5.36 LP 0.32-11.21 LP NP0.182.71 -93 0.42-3.15 LP

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