IP Rings standalone net profit declines 14.53% in the March 2018 quarter

Sales rise 8.63% to Rs 50.34 crore

Net profit of IP Rings declined 14.53% to Rs 1.47 crore in the quarter ended March 2018 as against Rs 1.72 crore during the previous quarter ended March 2017. Sales rose 8.63% to Rs 50.34 crore in the quarter ended March 2018 as against Rs 46.34 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 7.33 crore in the year ended March 2018 as against net loss of Rs 1.45 crore during the previous year ended March 2017. Sales rose 16.02% to Rs 202.90 crore in the year ended March 2018 as against Rs 174.89 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales50.3446.34 9 202.90174.89 16 OPM %10.158.33 -11.968.33 - PBDT3.542.22 59 18.195.44 234 PBT1.400.27 419 10.14-2.57 LP NP1.471.72 -15 7.33-1.45 LP

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