Mangal Credit & Fincorp reports standalone net loss of Rs 0.60 crore in the March 2017 quarter

Capital Market 

Sales decline 0.53% to Rs 1.86 crore

Net loss of Mangal Credit & Fincorp reported to Rs 0.60 crore in the quarter ended March 2017 as against net profit of Rs 0.13 crore during the previous quarter ended March 2016. Sales declined 0.53% to Rs 1.86 crore in the quarter ended March 2017 as against Rs 1.87 crore during the previous quarter ended March 2016.

For the full year,net profit rose 145.45% to Rs 2.70 crore in the year ended March 2017 as against Rs 1.10 crore during the previous year ended March 2016. Sales rose 24.70% to Rs 8.28 crore in the year ended March 2017 as against Rs 6.64 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.861.87 -1 8.286.64 25 OPM %-21.5150.27 -64.1354.82 - PBDT-0.650.60 PL 4.411.87 136 PBT-0.730.47 PL 4.101.35 204 NP-0.600.13 PL 2.701.10 145

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Mangal Credit & Fincorp reports standalone net loss of Rs 0.60 crore in the March 2017 quarter

Sales decline 0.53% to Rs 1.86 crore

Sales decline 0.53% to Rs 1.86 crore

Net loss of Mangal Credit & Fincorp reported to Rs 0.60 crore in the quarter ended March 2017 as against net profit of Rs 0.13 crore during the previous quarter ended March 2016. Sales declined 0.53% to Rs 1.86 crore in the quarter ended March 2017 as against Rs 1.87 crore during the previous quarter ended March 2016.

For the full year,net profit rose 145.45% to Rs 2.70 crore in the year ended March 2017 as against Rs 1.10 crore during the previous year ended March 2016. Sales rose 24.70% to Rs 8.28 crore in the year ended March 2017 as against Rs 6.64 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.861.87 -1 8.286.64 25 OPM %-21.5150.27 -64.1354.82 - PBDT-0.650.60 PL 4.411.87 136 PBT-0.730.47 PL 4.101.35 204 NP-0.600.13 PL 2.701.10 145

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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