Garware Synthetics standalone net profit declines 88.89% in the March 2016 quarter

Sales decline 3.39% to Rs 2.28 crore

Net profit of Garware Synthetics declined 88.89% to Rs 0.06 crore in the quarter ended March 2016 as against Rs 0.54 crore during the previous quarter ended March 2015. Sales declined 3.39% to Rs 2.28 crore in the quarter ended March 2016 as against Rs 2.36 crore during the previous quarter ended March 2015.

For the full year,net profit declined 72.13% to Rs 0.17 crore in the year ended March 2016 as against Rs 0.61 crore during the previous year ended March 2015. Sales declined 1.98% to Rs 8.89 crore in the year ended March 2016 as against Rs 9.07 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales2.282.36 -3 8.899.07 -2 OPM %8.77-9.75 -1.91-1.43 - PBDT0.120.51 -76 0.250.63 -60 PBT0.120.53 -77 0.230.61 -62 NP0.060.54 -89 0.170.61 -72

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