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Vardhman Special Steels standalone net profit rises 683.82% in the March 2016 quarter

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Capital Market

Sales decline 9.50% to Rs 157.86 crore

Net profit of Vardhman Special Steels rose 683.82% to Rs 5.33 crore in the quarter ended March 2016 as against Rs 0.68 crore during the previous quarter ended March 2015. Sales declined 9.50% to Rs 157.86 crore in the quarter ended March 2016 as against Rs 174.44 crore during the previous quarter ended March 2015.

For the full year,net profit reported to Rs 5.22 crore in the year ended March 2016 as against net loss of Rs 15.12 crore during the previous year ended March 2015. Sales declined 0.76% to Rs 656.55 crore in the year ended March 2016 as against Rs 661.60 crore during the previous year ended March 2015.

 
ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales157.86174.44 -10 656.55661.60 -1 OPM %11.845.54 -7.852.64 - PBDT12.273.46 255 28.603.07 832 PBT7.88-0.19 LP 11.57-10.80 LP NP5.330.68 684 5.22-15.12 LP

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First Published: Apr 29 2016 | 4:00 PM IST

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