Jindal Drilling & Industries net profit declines 62.44% in the March 2014 quarter

Sales decline 46.11% to Rs 107.80 crore

Net profit of Jindal Drilling & Industries declined 62.44% to Rs 5.63 crore in the quarter ended March 2014 as against Rs 14.99 crore during the previous quarter ended March 2013. Sales declined 46.11% to Rs 107.80 crore in the quarter ended March 2014 as against Rs 200.02 crore during the previous quarter ended March 2013.

For the full year,net profit declined 25.27% to Rs 49.19 crore in the year ended March 2014 as against Rs 65.82 crore during the previous year ended March 2013. Sales declined 7.87% to Rs 749.49 crore in the year ended March 2014 as against Rs 813.47 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales107.80200.02 -46 749.49813.47 -8 OPM %3.739.26 -7.5910.86 - PBDT10.1924.45 -58 78.28103.73 -25 PBT7.4321.64 -66 67.4693.05 -28 NP5.6314.99 -62 49.1965.82 -25

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