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Manaksia Coated Metals & Industries consolidated net profit declines 50.62% in the March 2020 quarter

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Capital Market

Sales rise 15.24% to Rs 66.71 crore

Net profit of Manaksia Coated Metals & Industries declined 50.62% to Rs 1.59 crore in the quarter ended March 2020 as against Rs 3.22 crore during the previous quarter ended March 2019. Sales rose 15.24% to Rs 66.71 crore in the quarter ended March 2020 as against Rs 57.89 crore during the previous quarter ended March 2019.

For the full year,net profit reported to Rs 2.79 crore in the year ended March 2020 as against net loss of Rs 0.41 crore during the previous year ended March 2019. Sales declined 6.65% to Rs 246.93 crore in the year ended March 2020 as against Rs 264.51 crore during the previous year ended March 2019.

 
ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales66.7157.89 15 246.93264.51 -7 OPM %9.9813.46 -10.478.40 - PBDT2.316.70 -66 9.7612.27 -20 PBT0.064.36 -99 0.802.11 -62 NP1.593.22 -51 2.79-0.41 LP

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First Published: Jun 23 2020 | 7:06 PM IST

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