Southern Petrochemicals Industries Corporation standalone net profit declines 92.33% in the March 2016 quarter

Sales decline 12.77% to Rs 422.96 crore

Net profit of Southern Petrochemicals Industries Corporation declined 92.33% to Rs 1.56 crore in the quarter ended March 2016 as against Rs 20.35 crore during the previous quarter ended March 2015. Sales declined 12.77% to Rs 422.96 crore in the quarter ended March 2016 as against Rs 484.87 crore during the previous quarter ended March 2015.

For the full year,net profit rose 40.82% to Rs 24.77 crore in the year ended March 2016 as against Rs 17.59 crore during the previous year ended March 2015. Sales declined 12.25% to Rs 1828.15 crore in the year ended March 2016 as against Rs 2083.44 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales422.96484.87 -13 1828.152083.44 -12 OPM %0.655.00 -4.344.44 - PBDT9.1527.24 -66 44.9647.98 -6 PBT1.5620.35 -92 15.6017.59 -11 NP1.5620.35 -92 24.7717.59 41

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