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Morarjee Textiles standalone net profit declines 43.65% in the March 2017 quarter

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Capital Market

Sales rise 12.85% to Rs 90.89 crore

Net profit of Morarjee Textiles declined 43.65% to Rs 4.08 crore in the quarter ended March 2017 as against Rs 7.24 crore during the previous quarter ended March 2016. Sales rose 12.85% to Rs 90.89 crore in the quarter ended March 2017 as against Rs 80.54 crore during the previous quarter ended March 2016.

For the full year,net profit declined 1.88% to Rs 16.21 crore in the year ended March 2017 as against Rs 16.52 crore during the previous year ended March 2016. Sales rose 10.77% to Rs 368.31 crore in the year ended March 2017 as against Rs 332.50 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales90.8980.54 13 368.31332.50 11 OPM %20.9718.50 -18.3016.68 - PBDT8.819.75 -10 34.3033.56 2 PBT3.747.20 -48 15.8723.60 -33 NP4.087.24 -44 16.2116.52 -2

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First Published: May 16 2017 | 2:23 PM IST

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