NELCO consolidated net profit declines 62.16% in the March 2017 quarter

Sales rise 6.75% to Rs 36.99 crore

Net profit of NELCO declined 62.16% to Rs 0.98 crore in the quarter ended March 2017 as against Rs 2.59 crore during the previous quarter ended March 2016. Sales rose 6.75% to Rs 36.99 crore in the quarter ended March 2017 as against Rs 34.65 crore during the previous quarter ended March 2016.

For the full year,net profit rose 184.16% to Rs 6.28 crore in the year ended March 2017 as against Rs 2.21 crore during the previous year ended March 2016. Sales declined 28.14% to Rs 143.67 crore in the year ended March 2017 as against Rs 199.94 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales36.9934.65 7 143.67199.94 -28 OPM %9.8414.34 -12.6210.87 - PBDT3.674.33 -15 14.9513.32 12 PBT1.572.59 -39 6.932.21 214 NP0.982.59 -62 6.282.21 184

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