Jindal Drilling & Industries standalone net profit declines 64.56% in the March 2016 quarter

Sales decline 32.07% to Rs 79.16 crore

Net profit of Jindal Drilling & Industries declined 64.56% to Rs 4.21 crore in the quarter ended March 2016 as against Rs 11.88 crore during the previous quarter ended March 2015. Sales declined 32.07% to Rs 79.16 crore in the quarter ended March 2016 as against Rs 116.53 crore during the previous quarter ended March 2015.

For the full year,net profit declined 26.12% to Rs 30.09 crore in the year ended March 2016 as against Rs 40.73 crore during the previous year ended March 2015. Sales declined 28.13% to Rs 319.74 crore in the year ended March 2016 as against Rs 444.86 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales79.16116.53 -32 319.74444.86 -28 OPM %7.2612.56 -11.269.94 - PBDT9.5123.13 -59 60.7073.36 -17 PBT6.6019.55 -66 46.0059.35 -22 NP4.2111.88 -65 30.0940.73 -26

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