Ratnamani Metals & Tubes standalone net profit declines 14.99% in the March 2017 quarter

Sales decline 23.38% to Rs 388.43 crore

Net profit of Ratnamani Metals & Tubes declined 14.99% to Rs 39.82 crore in the quarter ended March 2017 as against Rs 46.84 crore during the previous quarter ended March 2016. Sales declined 23.38% to Rs 388.43 crore in the quarter ended March 2017 as against Rs 506.97 crore during the previous quarter ended March 2016.

For the full year,net profit declined 12.66% to Rs 144.30 crore in the year ended March 2017 as against Rs 165.22 crore during the previous year ended March 2016. Sales declined 17.81% to Rs 1411.66 crore in the year ended March 2017 as against Rs 1717.66 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales388.43506.97 -23 1411.661717.66 -18 OPM %17.6316.66 -18.2316.63 - PBDT70.4485.44 -18 265.16297.07 -11 PBT55.1270.65 -22 205.46240.30 -14 NP39.8246.84 -15 144.30165.22 -13

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