Net profit of Binani Industries declined 89.16% to Rs 0.09 crore in the quarter ended June 2017 as against Rs 0.83 crore during the previous quarter ended June 2016. Sales declined 49.42% to Rs 29.08 crore in the quarter ended June 2017 as against Rs 57.49 crore during the previous quarter ended June 2016.

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Net profit of Binani Industries declined 56.69% to Rs 8.96 crore in the quarter ended March 2017 as against Rs 20.69 crore during the previous quarter ended March 2016. Sales declined 87.81% to Rs 9.78 crore in the quarter ended March 2017 as against Rs 80.26 crore during the previous quarter ended March 2016.

For the full year,net profit declined 44.28% to Rs 10.66 crore in the year ended March 2017 as against Rs 19.13 crore during the previous year ended March 2016. Sales declined 39.00% to Rs 158.97 crore in the year ended March 2017 as against Rs 260.60 crore during the previous year ended March 2016.

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Net profit of Binani Industries declined 71.79% to Rs 0.55 crore in the quarter ended December 2016 as against Rs 1.95 crore during the previous quarter ended December 2015. Sales declined 24.75% to Rs 38.52 crore in the quarter ended December 2016 as against Rs 51.19 crore during the previous quarter ended December 2015.

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Binani Industries announced that a Meeting of the Board of Directors of the Company will be held on 27 January 2017, inter alia, to consider and approve the Unaudited Standalone Financial Results of the Company for the third quarter and nine months ended 31 December 2016.

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