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Riga Sugar Company standalone net profit declines 39.42% in the March 2015 quarter

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Capital Market

Sales rise 189.88% to Rs 65.60 crore

Net profit of Riga Sugar Company declined 39.42% to Rs 11.57 crore in the quarter ended March 2015 as against Rs 19.10 crore during the previous quarter ended March 2014. Sales rose 189.88% to Rs 65.60 crore in the quarter ended March 2015 as against Rs 22.63 crore during the previous quarter ended March 2014.

For the full year,net loss reported to Rs 10.40 crore in the year ended March 2015 as against net loss of Rs 2.96 crore during the previous year ended March 2014. Sales rose 14.76% to Rs 184.60 crore in the year ended March 2015 as against Rs 160.86 crore during the previous year ended March 2014.

 
ParticularsQuarter EndedYear EndedMar. 2015Mar. 2014% Var.Mar. 2015Mar. 2014% Var.Sales65.6022.63 190 184.60160.86 15 OPM %20.14104.42 -2.949.91 - PBDT8.8720.71 -57 -10.463.19 PL PBT7.5519.34 -61 -14.42-2.72 -430 NP11.5719.10 -39 -10.40-2.96 -251

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First Published: May 30 2015 | 8:27 AM IST

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