Tips Industries standalone net profit rises 200.00% in the March 2017 quarter

Sales decline 62.78% to Rs 12.42 crore

Net profit of Tips Industries rose 200.00% to Rs 0.63 crore in the quarter ended March 2017 as against Rs 0.21 crore during the previous quarter ended March 2016. Sales declined 62.78% to Rs 12.42 crore in the quarter ended March 2017 as against Rs 33.37 crore during the previous quarter ended March 2016.

For the full year,net profit declined 0.66% to Rs 3.01 crore in the year ended March 2017 as against Rs 3.03 crore during the previous year ended March 2016. Sales declined 31.30% to Rs 47.02 crore in the year ended March 2017 as against Rs 68.44 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales12.4233.37 -63 47.0268.44 -31 OPM %-73.515.36 --7.1221.87 - PBDT1.160.64 81 5.805.42 7 PBT0.790.26 204 4.333.81 14 NP0.630.21 200 3.013.03 -1

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