Pioneer Investcorp standalone net profit declines 76.00% in the March 2021 quarter

Sales rise 3.30% to Rs 9.07 crore

Net profit of Pioneer Investcorp declined 76.00% to Rs 0.06 crore in the quarter ended March 2021 as against Rs 0.25 crore during the previous quarter ended March 2020. Sales rose 3.30% to Rs 9.07 crore in the quarter ended March 2021 as against Rs 8.78 crore during the previous quarter ended March 2020.

For the full year,net profit declined 71.10% to Rs 0.63 crore in the year ended March 2021 as against Rs 2.18 crore during the previous year ended March 2020. Sales declined 27.00% to Rs 25.06 crore in the year ended March 2021 as against Rs 34.33 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales9.078.78 3 25.0634.33 -27 OPM %39.4736.45 -41.2241.10 - PBDT1.791.01 77 3.464.44 -22 PBT1.650.60 175 2.543.41 -26 NP0.060.25 -76 0.632.18 -71

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