IP Rings standalone net profit declines 15.89% in the March 2022 quarter

Sales decline 5.47% to Rs 71.84 crore

Net profit of IP Rings declined 15.89% to Rs 3.44 crore in the quarter ended March 2022 as against Rs 4.09 crore during the previous quarter ended March 2021. Sales declined 5.47% to Rs 71.84 crore in the quarter ended March 2022 as against Rs 76.00 crore during the previous quarter ended March 2021.

For the full year,net profit rose 65.19% to Rs 8.21 crore in the year ended March 2022 as against Rs 4.97 crore during the previous year ended March 2021. Sales rose 37.41% to Rs 272.71 crore in the year ended March 2022 as against Rs 198.46 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales71.8476.00 -5 272.71198.46 37 OPM %12.5013.64 -12.1412.36 - PBDT7.938.67 -9 25.3818.09 40 PBT4.225.48 -23 11.046.55 69 NP3.444.09 -16 8.214.97 65

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