Mercantile Ventures reports standalone net loss of Rs 27.87 crore in the March 2017 quarter

Sales rise 19.63% to Rs 1.28 crore

Net loss of Mercantile Ventures reported to Rs 27.87 crore in the quarter ended March 2017 as against net profit of Rs 2.25 crore during the previous quarter ended March 2016. Sales rose 19.63% to Rs 1.28 crore in the quarter ended March 2017 as against Rs 1.07 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 22.98 crore in the year ended March 2017 as against net profit of Rs 4.04 crore during the previous year ended March 2016. Sales rose 10.35% to Rs 4.69 crore in the year ended March 2017 as against Rs 4.25 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1.281.07 20 4.694.25 10 OPM %42.97-11.21 -34.7525.88 - PBDT1.322.83 -53 4.596.04 -24 PBT1.242.70 -54 4.285.64 -24 NP-27.872.25 PL -22.984.04 PL

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