Sphere Global Services standalone net profit declines 41.67% in the March 2017 quarter

Sales decline 25.19% to Rs 0.98 crore

Net profit of Sphere Global Services declined 41.67% to Rs 0.28 crore in the quarter ended March 2017 as against Rs 0.48 crore during the previous quarter ended March 2016. Sales declined 25.19% to Rs 0.98 crore in the quarter ended March 2017 as against Rs 1.31 crore during the previous quarter ended March 2016.

For the full year,net profit declined 42.80% to Rs 1.35 crore in the year ended March 2017 as against Rs 2.36 crore during the previous year ended March 2016. Sales declined 60.43% to Rs 4.21 crore in the year ended March 2017 as against Rs 10.64 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales0.981.31 -25 4.2110.64 -60 OPM %31.6317.56 -33.7321.80 - PBDT0.370.50 -26 1.482.42 -39 PBT0.380.48 -21 1.452.36 -39 NP0.280.48 -42 1.352.36 -43

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