Nava Bharat Ventures consolidated net profit declines 56.64% in the March 2017 quarter

Sales decline 12.83% to Rs 388.00 crore

Net profit of Nava Bharat Ventures declined 56.64% to Rs 46.62 crore in the quarter ended March 2017 as against Rs 107.53 crore during the previous quarter ended March 2016. Sales declined 12.83% to Rs 388.00 crore in the quarter ended March 2017 as against Rs 445.11 crore during the previous quarter ended March 2016.

For the full year,net profit declined 63.89% to Rs 107.07 crore in the year ended March 2017 as against Rs 296.54 crore during the previous year ended March 2016. Sales declined 14.36% to Rs 1380.93 crore in the year ended March 2017 as against Rs 1612.50 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales388.00445.11 -13 1380.931612.50 -14 OPM %15.6424.55 -13.1222.60 - PBDT38.74101.00 -62 172.41363.53 -53 PBT11.3876.32 -85 82.01279.82 -71 NP46.62107.53 -57 107.07296.54 -64

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