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Deepak Spinners standalone net profit declines 73.52% in the March 2017 quarter

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Capital Market

Sales rise 16.30% to Rs 103.26 crore

Net profit of Deepak Spinners declined 73.52% to Rs 1.16 crore in the quarter ended March 2017 as against Rs 4.38 crore during the previous quarter ended March 2016. Sales rose 16.30% to Rs 103.26 crore in the quarter ended March 2017 as against Rs 88.79 crore during the previous quarter ended March 2016.

For the full year,net profit declined 60.52% to Rs 6.19 crore in the year ended March 2017 as against Rs 15.68 crore during the previous year ended March 2016. Sales rose 2.30% to Rs 410.15 crore in the year ended March 2017 as against Rs 400.91 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales103.2688.79 16 410.15400.91 2 OPM %8.3712.33 -9.2610.58 - PBDT4.9710.24 -51 27.0035.19 -23 PBT0.756.63 -89 10.7121.65 -51 NP1.164.38 -74 6.1915.68 -61

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First Published: May 22 2017 | 5:52 PM IST

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