Gallantt Metal standalone net profit declines 53.38% in the March 2017 quarter

Sales rise 3.73% to Rs 179.28 crore

Net profit of Gallantt Metal declined 53.38% to Rs 5.52 crore in the quarter ended March 2017 as against Rs 11.84 crore during the previous quarter ended March 2016. Sales rose 3.73% to Rs 179.28 crore in the quarter ended March 2017 as against Rs 172.83 crore during the previous quarter ended March 2016.

For the full year,net profit declined 34.82% to Rs 27.10 crore in the year ended March 2017 as against Rs 41.58 crore during the previous year ended March 2016. Sales declined 7.95% to Rs 616.73 crore in the year ended March 2017 as against Rs 669.97 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales179.28172.83 4 616.73669.97 -8 OPM %7.6910.70 -8.6710.21 - PBDT11.2116.81 -33 47.1661.37 -23 PBT6.7812.60 -46 30.3143.82 -31 NP5.5211.84 -53 27.1041.58 -35

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