Satin Creditcare Network reports standalone net loss of Rs 42.56 crore in the March 2017 quarter

Sales decline 6.33% to Rs 159.42 crore

Net loss of Satin Creditcare Network reported to Rs 42.56 crore in the quarter ended March 2017 as against net profit of Rs 16.34 crore during the previous quarter ended March 2016. Sales declined 6.33% to Rs 159.42 crore in the quarter ended March 2017 as against Rs 170.20 crore during the previous quarter ended March 2016.

For the full year,net profit declined 57.71% to Rs 24.50 crore in the year ended March 2017 as against Rs 57.94 crore during the previous year ended March 2016. Sales rose 37.11% to Rs 757.22 crore in the year ended March 2017 as against Rs 552.27 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales159.42170.20 -6 757.22552.27 37 OPM %33.6965.42 -60.5567.72 - PBDT-60.9626.10 PL 42.8390.40 -53 PBT-63.0225.04 PL 37.2087.52 -57 NP-42.5616.34 PL 24.5057.94 -58

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