Pioneer Investcorp standalone net profit declines 78.36% in the March 2016 quarter

Sales decline 42.88% to Rs 6.26 crore

Net profit of Pioneer Investcorp declined 78.36% to Rs 1.66 crore in the quarter ended March 2016 as against Rs 7.67 crore during the previous quarter ended March 2015. Sales declined 42.88% to Rs 6.26 crore in the quarter ended March 2016 as against Rs 10.96 crore during the previous quarter ended March 2015.

For the full year,net profit declined 75.44% to Rs 2.07 crore in the year ended March 2016 as against Rs 8.43 crore during the previous year ended March 2015. Sales declined 16.74% to Rs 21.54 crore in the year ended March 2016 as against Rs 25.87 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales6.2610.96 -43 21.5425.87 -17 OPM %38.0272.63 -36.3049.05 - PBDT1.7810.03 -82 3.1312.02 -74 PBT1.629.78 -83 2.4811.35 -78 NP1.667.67 -78 2.078.43 -75

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