Morarjee Textiles net profit declines 84.38% in the March 2014 quarter

Sales decline 1.98% to Rs 93.36 crore

Net profit of Morarjee Textiles declined 84.38% to Rs 1.34 crore in the quarter ended March 2014 as against Rs 8.58 crore during the previous quarter ended March 2013. Sales declined 1.98% to Rs 93.36 crore in the quarter ended March 2014 as against Rs 95.25 crore during the previous quarter ended March 2013.

For the full year,net profit rose 17.75% to Rs 28.19 crore in the year ended March 2014 as against Rs 23.94 crore during the previous year ended March 2013. Sales rose 7.66% to Rs 391.94 crore in the year ended March 2014 as against Rs 364.07 crore during the previous year ended March 2013.

ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales93.3695.25 -2 391.94364.07 8 OPM %19.1319.62 -19.3417.94 - PBDT12.1512.28 -1 50.3438.10 32 PBT7.558.58 -12 34.4023.94 44 NP1.348.58 -84 28.1923.94 18

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