Avance Technologies reports standalone net loss of Rs 1.67 crore in the March 2016 quarter

Sales decline 20.93% to Rs 21.65 crore

Net Loss of Avance Technologies reported to Rs 1.67 crore in the quarter ended March 2016 as against net loss of Rs 1.75 crore during the previous quarter ended March 2015. Sales declined 20.93% to Rs 21.65 crore in the quarter ended March 2016 as against Rs 27.38 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 1.10 crore in the year ended March 2016 as against net loss of Rs 1.12 crore during the previous year ended March 2015. Sales declined 4.63% to Rs 101.62 crore in the year ended March 2016 as against Rs 106.55 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales21.6527.38 -21 101.62106.55 -5 OPM %-8.41-6.50 --0.04-1.04 - PBDT-1.67-1.78 6 0.10-1.09 LP PBT-1.67-1.79 7 0.10-1.16 LP NP-1.67-1.75 5 -1.10-1.12 2

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