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Oriental Veneer Products standalone net profit declines 16.25% in the March 2019 quarter

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Capital Market

Sales decline 26.48% to Rs 28.57 crore

Net profit of Oriental Veneer Products declined 16.25% to Rs 2.99 crore in the quarter ended March 2019 as against Rs 3.57 crore during the previous quarter ended March 2018. Sales declined 26.48% to Rs 28.57 crore in the quarter ended March 2019 as against Rs 38.86 crore during the previous quarter ended March 2018.

For the full year,net profit declined 8.38% to Rs 10.06 crore in the year ended March 2019 as against Rs 10.98 crore during the previous year ended March 2018. Sales declined 12.39% to Rs 103.12 crore in the year ended March 2019 as against Rs 117.70 crore during the previous year ended March 2018.

 
ParticularsQuarter EndedYear EndedMar. 2019Mar. 2018% Var.Mar. 2019Mar. 2018% Var.Sales28.5738.86 -26 103.12117.70 -12 OPM %13.6214.57 -14.2614.77 - PBDT3.685.75 -36 14.2217.86 -20 PBT3.425.44 -37 13.2116.91 -22 NP2.993.57 -16 10.0610.98 -8

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First Published: Jun 04 2019 | 4:20 PM IST

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