SORIL Holdings & Ventures consolidated net profit declines 65.55% in the March 2017 quarter

Sales decline 66.34% to Rs 41.24 crore

Net profit of SORIL Holdings & Ventures declined 65.55% to Rs 10.01 crore in the quarter ended March 2017 as against Rs 29.06 crore during the previous quarter ended March 2016. Sales declined 66.34% to Rs 41.24 crore in the quarter ended March 2017 as against Rs 122.53 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 21.61 crore in the year ended March 2017 as against net profit of Rs 7.08 crore during the previous year ended March 2016. Sales declined 27.94% to Rs 223.44 crore in the year ended March 2017 as against Rs 310.08 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales41.24122.53 -66 223.44310.08 -28 OPM %25.0737.35 -13.6627.23 - PBDT20.0139.23 -49 19.7742.12 -53 PBT10.1128.96 -65 -21.506.01 PL NP10.0129.06 -66 -21.617.08 PL

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