Shriram Pistons & Rings net profit declines 12.87% in the March 2013 quarter

Net profit of Shriram Pistons & Rings declined 12.87% to Rs 23.70 crore in the quarter ended March 2013 as against Rs 27.20 crore during the previous quarter ended March 2012. Sales rose 2.88% to Rs 271.50 crore in the quarter ended March 2013 as against Rs 263.90 crore during the previous quarter ended March 2012.

For the Audited full year,net profit declined 41.72% to Rs 48.90 crore in the year ended March 2013 as against Rs 83.90 crore during the previous year ended March 2012. Sales rose 5.58% to Rs 1027.50 crore in the year ended March 2013 as against Rs 973.20 crore during the previous year ended March 2012.

ParticularsQuarter EndedYear EndedMar. 2013Mar. 2012% Var.Mar. 2013Mar. 2012% Var.Sales271.50263.90 3 1027.50973.20 6 OPM %24.9721.75 15 17.5620.19 -13 PBDT62.2057.20 9 157.70185.90 -15 PBT37.7037.50 1 69.80115.10 -39 NP23.7027.20 -13 48.9083.90 -42

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