MVL reports standalone net profit of Rs 1.25 crore in the March 2017 quarter

Sales rise 780.00% to Rs 0.88 crore

Net profit of MVL reported to Rs 1.25 crore in the quarter ended March 2017 as against net loss of Rs 4.04 crore during the previous quarter ended March 2016. Sales rose 780.00% to Rs 0.88 crore in the quarter ended March 2017 as against Rs 0.10 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 2.03 crore in the year ended March 2017 as against net loss of Rs 4.25 crore during the previous year ended March 2016. Sales declined 62.64% to Rs 4.86 crore in the year ended March 2017 as against Rs 13.01 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales0.880.10 780 4.8613.01 -63 OPM %-65.91-4210.00 --29.84-29.52 - PBDT1.36-4.22 LP -1.55-3.89 60 PBT1.25-4.38 LP -2.03-4.57 56 NP1.25-4.04 LP -2.03-4.25 52

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