Shree Steel Wire Ropes standalone net profit declines 65.45% in the March 2021 quarter

Sales decline 17.33% to Rs 5.58 crore

Net profit of Shree Steel Wire Ropes declined 65.45% to Rs 0.19 crore in the quarter ended March 2021 as against Rs 0.55 crore during the previous quarter ended March 2020. Sales declined 17.33% to Rs 5.58 crore in the quarter ended March 2021 as against Rs 6.75 crore during the previous quarter ended March 2020.

For the full year,net profit declined 52.85% to Rs 0.91 crore in the year ended March 2021 as against Rs 1.93 crore during the previous year ended March 2020. Sales declined 35.22% to Rs 16.46 crore in the year ended March 2021 as against Rs 25.41 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales5.586.75 -17 16.4625.41 -35 OPM %8.0613.63 -8.9310.51 - PBDT0.420.86 -51 1.492.72 -45 PBT0.350.80 -56 1.232.53 -51 NP0.190.55 -65 0.911.93 -53

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