Kriti Industries (India) disclosed a substantial drop in standalone net profit for the quarter ended March 2016. During the quarter, the profit of the company declined 42.79% to Rs 14.58 million from Rs 25.48 million in the same quarter last year.
Revenues for the quarter rose 23.24% to Rs 872.07 million, compared with Rs 708 million for the prior year period.
Operating margin for the quarter stood at 91.55 percent as compared to 108.79 percent for the previous year period. Operating Income for the quarter was Rs 798.37 million, compared with Rs 769.83 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.29, registering 43.14% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 16 | Mar - 15 | %Change |
| Revenues | 872.07 | 707.62 | 23.24 |
| Net Profit | 14.58 | 25.48 | (42.79) |
| Diluted EPS | 0.29 | 0.51 | (43.14) |
Shares of the company declined Rs 1.8, or 5.6%, to settle at Rs 30.35. The total volume of shares traded was 8,947 at the BSE (Thursday).
