Shah Alloys reports standalone net profit of Rs 58.74 crore in the March 2017 quarter

Sales rise 5.20% to Rs 77.84 crore

Net profit of Shah Alloys reported to Rs 58.74 crore in the quarter ended March 2017 as against net loss of Rs 8.99 crore during the previous quarter ended March 2016. Sales rose 5.20% to Rs 77.84 crore in the quarter ended March 2017 as against Rs 73.99 crore during the previous quarter ended March 2016.

For the full year,net profit declined 65.94% to Rs 42.36 crore in the year ended March 2017 as against Rs 124.38 crore during the previous year ended March 2016. Sales rose 19.30% to Rs 311.38 crore in the year ended March 2017 as against Rs 261.00 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales77.8473.99 5 311.38261.00 19 OPM %2.57-1.27 --0.30-6.80 - PBDT-1.24-6.57 81 -14.77-39.82 63 PBT-4.55-11.11 59 -28.51-57.98 51 NP58.74-8.99 LP 42.36124.38 -66

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