Smart Finsec standalone net profit declines 44.44% in the March 2018 quarter

Capital Market 

Sales decline 31.38% to Rs 1.99 crore

Net profit of Smart Finsec declined 44.44% to Rs 0.35 crore in the quarter ended March 2018 as against Rs 0.63 crore during the previous quarter ended March 2017. Sales declined 31.38% to Rs 1.99 crore in the quarter ended March 2018 as against Rs 2.90 crore during the previous quarter ended March 2017.

For the full year,net profit declined 22.52% to Rs 0.86 crore in the year ended March 2018 as against Rs 1.11 crore during the previous year ended March 2017. Sales rose 173.05% to Rs 14.69 crore in the year ended March 2018 as against Rs 5.38 crore during the previous year ended March 2017. ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales1.992.90 -31 14.695.38 173 OPM %-5.535.86 -1.364.65 - PBDT0.290.76 -62 1.051.49 -30 PBT0.280.74 -62 0.991.43 -31 NP0.350.63 -44 0.861.11 -23

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First Published: Sat, May 12 2018. 15:21 IST