Magnum Ventures reports standalone net profit of Rs 142.31 crore in the March 2017 quarter

Capital Market May 30, 2017 Last Updated at 17:54 IST

Sales decline 9.75% to Rs 54.60 crore

Net profit of Magnum Ventures reported to Rs 142.31 crore in the quarter ended March 2017 as against net loss of Rs 37.19 crore during the previous quarter ended March 2016. Sales declined 9.75% to Rs 54.60 crore in the quarter ended March 2017 as against Rs 60.50 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 103.15 crore in the year ended March 2017 as against net loss of Rs 91.66 crore during the previous year ended March 2016. Sales declined 6.96% to Rs 212.20 crore in the year ended March 2017 as against Rs 228.08 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales54.6060.50 -10 212.20228.08 -7 OPM %-14.0819.93 --1.05-7.45 - PBDT18.50-7.34 LP -2.47-70.26 96 PBT12.81-13.33 LP -26.34-94.50 72 NP142.31-37.19 LP 103.15-91.66 LP

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