Steel Strips Wheels standalone net profit rises 55.12% in the March 2016 quarter

Sales rise 5.06% to Rs 308.88 crore

Net profit of Steel Strips Wheels rose 55.12% to Rs 18.49 crore in the quarter ended March 2016 as against Rs 11.92 crore during the previous quarter ended March 2015. Sales rose 5.06% to Rs 308.88 crore in the quarter ended March 2016 as against Rs 293.99 crore during the previous quarter ended March 2015.

For the full year,net profit rose 55.28% to Rs 61.18 crore in the year ended March 2016 as against Rs 39.40 crore during the previous year ended March 2015. Sales rose 2.53% to Rs 1181.89 crore in the year ended March 2016 as against Rs 1152.71 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales308.88293.99 5 1181.891152.71 3 OPM %13.3811.10 -12.299.33 - PBDT35.1526.15 34 121.0986.84 39 PBT24.0415.58 54 79.0348.69 62 NP18.4911.92 55 61.1839.40 55

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