Manaksia Steels reports standalone net profit of Rs 2.72 crore in the March 2017 quarter

Sales rise 42.80% to Rs 111.61 crore

Net profit of Manaksia Steels reported to Rs 2.72 crore in the quarter ended March 2017 as against net loss of Rs 0.18 crore during the previous quarter ended March 2016. Sales rose 42.80% to Rs 111.61 crore in the quarter ended March 2017 as against Rs 78.16 crore during the previous quarter ended March 2016.

For the full year,net profit rose 80.32% to Rs 8.98 crore in the year ended March 2017 as against Rs 4.98 crore during the previous year ended March 2016. Sales rose 15.44% to Rs 334.01 crore in the year ended March 2017 as against Rs 289.33 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales111.6178.16 43 334.01289.33 15 OPM %7.231.52 -7.425.88 - PBDT6.280.47 1236 21.8915.71 39 PBT4.40-1.42 LP 14.308.22 74 NP2.72-0.18 LP 8.984.98 80

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