Graviss Hospitality standalone net profit declines 47.74% in the March 2017 quarter

Sales decline 20.56% to Rs 11.09 crore

Net profit of Graviss Hospitality declined 47.74% to Rs 1.27 crore in the quarter ended March 2017 as against Rs 2.43 crore during the previous quarter ended March 2016. Sales declined 20.56% to Rs 11.09 crore in the quarter ended March 2017 as against Rs 13.96 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 3.90 crore in the year ended March 2017 as against net loss of Rs 1.08 crore during the previous year ended March 2016. Sales declined 12.14% to Rs 41.47 crore in the year ended March 2017 as against Rs 47.20 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales11.0913.96 -21 41.4747.20 -12 OPM %8.4815.11 -1.747.16 - PBDT0.541.80 -70 -0.922.16 PL PBT-0.471.04 PL -5.64-2.47 -128 NP1.272.43 -48 -3.90-1.08 -261

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