Gujarat State Financial Corporation reports standalone net loss of Rs 18.93 crore in the March 2016 quarter

Sales decline 84.32% to Rs 0.58 crore

Net loss of Gujarat State Financial Corporation reported to Rs 18.93 crore in the quarter ended March 2016 as against net profit of Rs 1.52 crore during the previous quarter ended March 2015. Sales declined 84.32% to Rs 0.58 crore in the quarter ended March 2016 as against Rs 3.70 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 104.99 crore in the year ended March 2016 as against net loss of Rs 94.81 crore during the previous year ended March 2015. Sales rose 46.42% to Rs 11.67 crore in the year ended March 2016 as against Rs 7.97 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales0.583.70 -84 11.677.97 46 OPM %-777.59-21.35 --66.15-128.23 - PBDT-32.14-25.31 -27 -118.39-121.64 3 PBT-32.14-25.31 -27 -118.39-121.64 3 NP-18.931.52 PL -104.99-94.81 -11

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