Garnet Construction standalone net profit declines 52.56% in the March 2017 quarter

Sales decline 86.23% to Rs 3.41 crore

Net profit of Garnet Construction declined 52.56% to Rs 1.02 crore in the quarter ended March 2017 as against Rs 2.15 crore during the previous quarter ended March 2016. Sales declined 86.23% to Rs 3.41 crore in the quarter ended March 2017 as against Rs 24.76 crore during the previous quarter ended March 2016.

For the full year,net profit declined 37.79% to Rs 1.35 crore in the year ended March 2017 as against Rs 2.17 crore during the previous year ended March 2016. Sales declined 75.46% to Rs 11.35 crore in the year ended March 2017 as against Rs 46.26 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales3.4124.76 -86 11.3546.26 -75 OPM %57.4813.53 -33.6612.49 - PBDT1.363.04 -55 2.233.76 -41 PBT1.212.83 -57 1.612.90 -44 NP1.022.15 -53 1.352.17 -38

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