Nava Bharat Ventures standalone net profit declines 61.94% in the March 2017 quarter

Sales decline 11.18% to Rs 285.86 crore

Net profit of Nava Bharat Ventures declined 61.94% to Rs 21.33 crore in the quarter ended March 2017 as against Rs 56.04 crore during the previous quarter ended March 2016. Sales declined 11.18% to Rs 285.86 crore in the quarter ended March 2017 as against Rs 321.84 crore during the previous quarter ended March 2016.

For the full year,net profit declined 29.41% to Rs 82.98 crore in the year ended March 2017 as against Rs 117.56 crore during the previous year ended March 2016. Sales declined 4.58% to Rs 979.34 crore in the year ended March 2017 as against Rs 1026.34 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales285.86321.84 -11 979.341026.34 -5 OPM %18.8020.87 -15.0812.22 - PBDT39.4262.82 -37 162.23156.12 4 PBT26.9351.61 -48 125.15122.20 2 NP21.3356.04 -62 82.98117.56 -29

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