Indiabulls Ventures consolidated net profit declines 95.35% in the March 2016 quarter

Sales decline 26.61% to Rs 77.34 crore

Net profit of Indiabulls Ventures declined 95.35% to Rs 2.37 crore in the quarter ended March 2016 as against Rs 50.92 crore during the previous quarter ended March 2015. Sales declined 26.61% to Rs 77.34 crore in the quarter ended March 2016 as against Rs 105.38 crore during the previous quarter ended March 2015.

For the full year,net profit declined 50.98% to Rs 73.84 crore in the year ended March 2016 as against Rs 150.64 crore during the previous year ended March 2015. Sales declined 0.65% to Rs 308.10 crore in the year ended March 2016 as against Rs 310.11 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales77.34105.38 -27 308.10310.11 -1 OPM %65.8471.41 -69.7762.88 - PBDT2.8764.43 -96 99.65207.24 -52 PBT-2.8358.61 PL 76.75194.09 -60 NP2.3750.92 -95 73.84150.64 -51

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