Panama Petrochem standalone net profit declines 38.62% in the March 2016 quarter

Sales decline 16.60% to Rs 154.88 crore

Net profit of Panama Petrochem declined 38.62% to Rs 3.37 crore in the quarter ended March 2016 as against Rs 5.49 crore during the previous quarter ended March 2015. Sales declined 16.60% to Rs 154.88 crore in the quarter ended March 2016 as against Rs 185.70 crore during the previous quarter ended March 2015.

For the full year,net profit rose 46.80% to Rs 20.20 crore in the year ended March 2016 as against Rs 13.76 crore during the previous year ended March 2015. Sales declined 8.94% to Rs 664.61 crore in the year ended March 2016 as against Rs 729.82 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales154.88185.70 -17 664.61729.82 -9 OPM %5.353.54 -6.233.61 - PBDT6.805.54 23 34.6320.46 69 PBT6.064.82 26 31.7017.61 80 NP3.375.49 -39 20.2013.76 47

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