Steel Strips Wheels standalone net profit rises 126.26% in the March 2018 quarter

Sales rise 13.53% to Rs 431.08 crore

Net profit of Steel Strips Wheels rose 126.26% to Rs 22.40 crore in the quarter ended March 2018 as against Rs 9.90 crore during the previous quarter ended March 2017. Sales rose 13.53% to Rs 431.08 crore in the quarter ended March 2018 as against Rs 379.69 crore during the previous quarter ended March 2017.

For the full year,net profit rose 34.86% to Rs 75.09 crore in the year ended March 2018 as against Rs 55.68 crore during the previous year ended March 2017. Sales rose 14.15% to Rs 1518.19 crore in the year ended March 2018 as against Rs 1329.96 crore during the previous year ended March 2017.

ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales431.08379.69 14 1518.191329.96 14 OPM %13.1111.76 -13.1912.39 - PBDT44.0636.47 21 149.73132.70 13 PBT29.4626.93 9 97.1684.80 15 NP22.409.90 126 75.0955.68 35

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