Onward Technologies reports standalone net loss of Rs 4.69 crore in the March 2016 quarter

Sales decline 11.18% to Rs 20.81 crore

Net Loss of Onward Technologies reported to Rs 4.69 crore in the quarter ended March 2016 as against net loss of Rs 1.36 crore during the previous quarter ended March 2015. Sales declined 11.18% to Rs 20.81 crore in the quarter ended March 2016 as against Rs 23.43 crore during the previous quarter ended March 2015.

For the full year,net profit declined 37.57% to Rs 1.08 crore in the year ended March 2016 as against Rs 1.73 crore during the previous year ended March 2015. Sales rose 2.49% to Rs 89.21 crore in the year ended March 2016 as against Rs 87.04 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales20.8123.43 -11 89.2187.04 2 OPM %3.274.01 -11.0110.45 - PBDT0.960.86 12 9.247.72 20 PBT0.10-0.12 LP 5.872.97 98 NP-4.69-1.36 -245 1.081.73 -38

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