Steel Strips Wheels standalone net profit rises 12.17% in the March 2017 quarter

Sales rise 23.07% to Rs 380.15 crore

Net profit of Steel Strips Wheels rose 12.17% to Rs 20.74 crore in the quarter ended March 2017 as against Rs 18.49 crore during the previous quarter ended March 2016. Sales rose 23.07% to Rs 380.15 crore in the quarter ended March 2017 as against Rs 308.88 crore during the previous quarter ended March 2016.

For the full year,net profit rose 16.12% to Rs 71.04 crore in the year ended March 2017 as against Rs 61.18 crore during the previous year ended March 2016. Sales rose 12.67% to Rs 1331.66 crore in the year ended March 2017 as against Rs 1181.89 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales380.15308.88 23 1331.661181.89 13 OPM %11.6913.38 -12.3312.29 - PBDT38.7435.15 10 141.88121.09 17 PBT29.2024.04 21 93.9879.03 19 NP20.7418.49 12 71.0461.18 16

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