Pitti Engineering standalone net profit rises 1286.27% in the March 2021 quarter

Sales rise 50.81% to Rs 170.34 crore

Net profit of Pitti Engineering rose 1286.27% to Rs 21.21 crore in the quarter ended March 2021 as against Rs 1.53 crore during the previous quarter ended March 2020. Sales rose 50.81% to Rs 170.34 crore in the quarter ended March 2021 as against Rs 112.95 crore during the previous quarter ended March 2020.

For the full year,net profit rose 68.30% to Rs 28.78 crore in the year ended March 2021 as against Rs 17.10 crore during the previous year ended March 2020. Sales declined 1.31% to Rs 518.17 crore in the year ended March 2021 as against Rs 525.06 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales170.34112.95 51 518.17525.06 -1 OPM %15.6915.73 -15.0614.80 - PBDT36.787.56 387 68.9547.28 46 PBT28.320.36 7767 38.5719.86 94 NP21.211.53 1286 28.7817.10 68

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