MIC Electronics reports consolidated net loss of Rs 128.28 crore in the March 2016 quarter

Sales rise 36.36% to Rs 60.57 crore

Net loss of MIC Electronics reported to Rs 128.28 crore in the quarter ended March 2016 as against net profit of Rs 13.81 crore during the previous quarter ended March 2015. Sales rose 36.36% to Rs 60.57 crore in the quarter ended March 2016 as against Rs 44.42 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 110.88 crore in the year ended March 2016 as against net profit of Rs 1.81 crore during the previous year ended March 2015. Sales rose 37.62% to Rs 214.59 crore in the year ended March 2016 as against Rs 155.93 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales60.5744.42 36 214.59155.93 38 OPM %18.1821.75 -20.456.91 - PBDT12.4613.08 -5 46.856.74 595 PBT10.7111.09 -3 39.34-1.09 LP NP-128.2813.81 PL -110.881.81 PL

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