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Magna Eletrocasting standalone net profit declines 24.47% in the September 2016 quarter

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Capital Market

Sales decline 40.15% to Rs 16.37 crore

Net profit of Magna Eletrocasting declined 24.47% to Rs 2.13 crore in the quarter ended September 2016 as against Rs 2.82 crore during the previous quarter ended September 2015. Sales declined 40.15% to Rs 16.37 crore in the quarter ended September 2016 as against Rs 27.35 crore during the previous quarter ended September 2015. ParticularsQuarter EndedSep. 2016Sep. 2015% Var.Sales16.3727.35 -40 OPM %23.2118.03 -PBDT3.884.68 -17 PBT2.533.42 -26 NP2.132.82 -24

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First Published: Nov 18 2016 | 11:36 AM IST

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