Gujarat Industries Power Co standalone net profit rises 29.70% in the March 2017 quarter

Sales decline 8.95% to Rs 333.35 crore

Net profit of Gujarat Industries Power Co rose 29.70% to Rs 82.45 crore in the quarter ended March 2017 as against Rs 63.57 crore during the previous quarter ended March 2016. Sales declined 8.95% to Rs 333.35 crore in the quarter ended March 2017 as against Rs 366.13 crore during the previous quarter ended March 2016.

For the full year,net profit rose 21.77% to Rs 229.24 crore in the year ended March 2017 as against Rs 188.25 crore during the previous year ended March 2016. Sales declined 3.12% to Rs 1303.81 crore in the year ended March 2017 as against Rs 1345.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales333.35366.13 -9 1303.811345.76 -3 OPM %38.5730.59 -33.0130.22 - PBDT142.86109.89 30 428.19367.31 17 PBT106.7181.51 31 300.97249.70 21 NP82.4563.57 30 229.24188.25 22

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