Kanani Industries consolidated net profit declines 88.18% in the March 2021 quarter

Sales decline 14.88% to Rs 87.64 crore

Net profit of Kanani Industries declined 88.18% to Rs 0.13 crore in the quarter ended March 2021 as against Rs 1.10 crore during the previous quarter ended March 2020. Sales declined 14.88% to Rs 87.64 crore in the quarter ended March 2021 as against Rs 102.96 crore during the previous quarter ended March 2020.

For the full year,net profit declined 82.81% to Rs 0.44 crore in the year ended March 2021 as against Rs 2.56 crore during the previous year ended March 2020. Sales declined 17.26% to Rs 311.58 crore in the year ended March 2021 as against Rs 376.56 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales87.64102.96 -15 311.58376.56 -17 OPM %0.090.79 -0.280.83 - PBDT0.171.21 -86 0.642.88 -78 PBT0.151.17 -87 0.542.74 -80 NP0.131.10 -88 0.442.56 -83

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