IFCI reports standalone net loss of Rs 317.90 crore in the March 2017 quarter

Sales decline 41.57% to Rs 568.07 crore

Net Loss of IFCI reported to Rs 317.90 crore in the quarter ended March 2017 as against net loss of Rs 101.03 crore during the previous quarter ended March 2016. Sales declined 41.57% to Rs 568.07 crore in the quarter ended March 2017 as against Rs 972.19 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 458.49 crore in the year ended March 2017 as against net profit of Rs 337.45 crore during the previous year ended March 2016. Sales declined 28.64% to Rs 2707.73 crore in the year ended March 2017 as against Rs 3794.29 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales568.07972.19 -42 2707.733794.29 -29 OPM %-87.84-21.57 --32.487.11 - PBDT-479.62-163.61 -193 -744.83457.96 PL PBT-502.93-167.30 -201 -779.02443.48 PL NP-317.90-101.03 -215 -458.49337.45 PL

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