MIRC Electronics standalone net profit declines 68.52% in the March 2016 quarter

Sales decline 12.46% to Rs 212.97 crore

Net profit of MIRC Electronics declined 68.52% to Rs 1.70 crore in the quarter ended March 2016 as against Rs 5.40 crore during the previous quarter ended March 2015. Sales declined 12.46% to Rs 212.97 crore in the quarter ended March 2016 as against Rs 243.27 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 27.02 crore in the year ended March 2016 as against net profit of Rs 0.81 crore during the previous year ended March 2015. Sales declined 28.16% to Rs 766.62 crore in the year ended March 2016 as against Rs 1067.12 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales212.97243.27 -12 766.621067.12 -28 OPM %3.393.52 --0.103.76 - PBDT1.000.98 2 -26.278.15 PL PBT-1.91-2.50 24 -37.90-6.00 -532 NP1.705.40 -69 -27.020.81 PL

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