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Axtel Industries standalone net profit declines 60.71% in the March 2017 quarter

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Capital Market

Sales decline 10.69% to Rs 28.50 crore

Net profit of Axtel Industries declined 60.71% to Rs 2.64 crore in the quarter ended March 2017 as against Rs 6.72 crore during the previous quarter ended March 2016. Sales declined 10.69% to Rs 28.50 crore in the quarter ended March 2017 as against Rs 31.91 crore during the previous quarter ended March 2016.

For the full year,net profit rose 42.29% to Rs 6.83 crore in the year ended March 2017 as against Rs 4.80 crore during the previous year ended March 2016. Sales rose 13.39% to Rs 76.11 crore in the year ended March 2017 as against Rs 67.12 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales28.5031.91 -11 76.1167.12 13 OPM %15.5827.98 -14.0215.38 - PBDT4.918.75 -44 11.089.17 21 PBT4.117.64 -46 8.305.72 45 NP2.646.72 -61 6.834.80 42

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First Published: May 23 2017 | 4:06 PM IST

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