Merit Credit Corporation reports standalone net loss of Rs 8.58 crore in the March 2021 quarter

Sales decline 24.14% to Rs 3.08 crore

Net Loss of Merit Credit Corporation reported to Rs 8.58 crore in the quarter ended March 2021 as against net loss of Rs 0.07 crore during the previous quarter ended March 2020. Sales declined 24.14% to Rs 3.08 crore in the quarter ended March 2021 as against Rs 4.06 crore during the previous quarter ended March 2020.

For the full year,net loss reported to Rs 5.48 crore in the year ended March 2021 as against net loss of Rs 0.43 crore during the previous year ended March 2020. Sales rose 38.78% to Rs 8.41 crore in the year ended March 2021 as against Rs 6.06 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales3.084.06 -24 8.416.06 39 OPM %60.0698.28 -80.5091.91 - PBDT-2.74-0.05 -5380 0.110 0 PBT-2.76-0.07 -3843 0.02-0.10 LP NP-8.58-0.07 -12157 -5.48-0.43 -1174

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