Ritesh Properties & Industries standalone net profit declines 60.80% in the March 2017 quarter

Sales rise 166.58% to Rs 10.53 crore

Net profit of Ritesh Properties & Industries declined 60.80% to Rs 0.49 crore in the quarter ended March 2017 as against Rs 1.25 crore during the previous quarter ended March 2016. Sales rose 166.58% to Rs 10.53 crore in the quarter ended March 2017 as against Rs 3.95 crore during the previous quarter ended March 2016.

For the full year,net profit rose 15.52% to Rs 2.01 crore in the year ended March 2017 as against Rs 1.74 crore during the previous year ended March 2016. Sales rose 284.97% to Rs 49.70 crore in the year ended March 2017 as against Rs 12.91 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales10.533.95 167 49.7012.91 285 OPM %3.0422.28 -3.649.60 - PBDT0.691.26 -45 2.342.08 13 PBT0.641.23 -48 2.091.86 12 NP0.491.25 -61 2.011.74 16

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