GSL Nova Petrochemicals reports standalone net profit of Rs 8.31 crore in the March 2016 quarter

Sales rise 11500.00% to Rs 6.96 crore

Net profit of GSL Nova Petrochemicals reported to Rs 8.31 crore in the quarter ended March 2016 as against net loss of Rs 5.90 crore during the previous quarter ended March 2015. Sales rose 11500.00% to Rs 6.96 crore in the quarter ended March 2016 as against Rs 0.06 crore during the previous quarter ended March 2015.

For the full year,net profit reported to Rs 2.38 crore in the year ended March 2016 as against net loss of Rs 16.15 crore during the previous year ended March 2015. Sales rose 496.53% to Rs 8.59 crore in the year ended March 2016 as against Rs 1.44 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales6.960.06 11500 8.591.44 497 OPM %7.04-1150.00 -18.39-99.31 - PBDT0.20-3.60 LP -5.24-11.19 53 PBT0.04-5.90 LP -5.89-16.15 64 NP8.31-5.90 LP 2.38-16.15 LP

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