Aarvee Denims & Exports reports standalone net loss of Rs 1.30 crore in the March 2017 quarter

Sales rise 16.79% to Rs 265.37 crore

Net loss of Aarvee Denims & Exports reported to Rs 1.30 crore in the quarter ended March 2017 as against net profit of Rs 3.35 crore during the previous quarter ended March 2016. Sales rose 16.79% to Rs 265.37 crore in the quarter ended March 2017 as against Rs 227.22 crore during the previous quarter ended March 2016.

For the full year,net profit declined 83.07% to Rs 1.19 crore in the year ended March 2017 as against Rs 7.03 crore during the previous year ended March 2016. Sales rose 0.97% to Rs 837.55 crore in the year ended March 2017 as against Rs 829.54 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales265.37227.22 17 837.55829.54 1 OPM %5.478.37 -8.549.32 - PBDT6.0610.59 -43 35.1943.84 -20 PBT-2.132.84 PL 2.1313.20 -84 NP-1.303.35 PL 1.197.03 -83

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