SRS Finance reports standalone net loss of Rs 2.23 crore in the March 2016 quarter

Sales decline 69.62% to Rs 13.49 crore

Net loss of SRS Finance reported to Rs 2.23 crore in the quarter ended March 2016 as against net profit of Rs 0.74 crore during the previous quarter ended March 2015. Sales declined 69.62% to Rs 13.49 crore in the quarter ended March 2016 as against Rs 44.40 crore during the previous quarter ended March 2015.

For the full year,net profit declined 47.64% to Rs 3.33 crore in the year ended March 2016 as against Rs 6.36 crore during the previous year ended March 2015. Sales declined 30.69% to Rs 52.94 crore in the year ended March 2016 as against Rs 76.38 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales13.4944.40 -70 52.9476.38 -31 OPM %2.9710.54 -34.0831.98 - PBDT-3.061.34 PL 5.449.74 -44 PBT-3.111.29 PL 5.239.51 -45 NP-2.230.74 PL 3.336.36 -48

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