Kandagiri Spinning Mills standalone net profit declines 96.01% in the March 2018 quarter

Sales rise 29.37% to Rs 15.99 crore

Net profit of Kandagiri Spinning Mills declined 96.01% to Rs 0.32 crore in the quarter ended March 2018 as against Rs 8.03 crore during the previous quarter ended March 2017. Sales rose 29.37% to Rs 15.99 crore in the quarter ended March 2018 as against Rs 12.36 crore during the previous quarter ended March 2017.

For the full year,net loss reported to Rs 11.61 crore in the year ended March 2018 as against net loss of Rs 10.65 crore during the previous year ended March 2017. Sales declined 30.31% to Rs 54.38 crore in the year ended March 2018 as against Rs 78.03 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales15.9912.36 29 54.3878.03 -30 OPM %-15.20-27.02 --9.30-9.01 - PBDT-4.21-6.03 30 -12.41-18.98 35 PBT-5.25-7.42 29 -16.12-26.10 38 NP0.328.03 -96 -11.61-10.65 -9

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