Mercantile Ventures standalone net profit declines 77.42% in the March 2021 quarter

Sales decline 12.50% to Rs 3.71 crore

Net profit of Mercantile Ventures declined 77.42% to Rs 2.71 crore in the quarter ended March 2021 as against Rs 12.00 crore during the previous quarter ended March 2020. Sales declined 12.50% to Rs 3.71 crore in the quarter ended March 2021 as against Rs 4.24 crore during the previous quarter ended March 2020.

For the full year,net profit declined 54.07% to Rs 7.28 crore in the year ended March 2021 as against Rs 15.85 crore during the previous year ended March 2020. Sales declined 3.61% to Rs 15.48 crore in the year ended March 2021 as against Rs 16.06 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales3.714.24 -13 15.4816.06 -4 OPM %10.2420.75 -20.2821.36 - PBDT3.909.30 -58 10.7015.14 -29 PBT3.669.12 -60 9.7314.18 -31 NP2.7112.00 -77 7.2815.85 -54

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