TCFC Finance reports standalone net loss of Rs 9.86 crore in the March 2017 quarter

Sales decline 87.38% to Rs 7.47 crore

Net loss of TCFC Finance reported to Rs 9.86 crore in the quarter ended March 2017 as against net profit of Rs 1.51 crore during the previous quarter ended March 2016. Sales declined 87.38% to Rs 7.47 crore in the quarter ended March 2017 as against Rs 59.17 crore during the previous quarter ended March 2016.

For the full year,net loss reported to Rs 7.09 crore in the year ended March 2017 as against net profit of Rs 3.43 crore during the previous year ended March 2016. Sales declined 55.92% to Rs 86.50 crore in the year ended March 2017 as against Rs 196.23 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales7.4759.17 -87 86.50196.23 -56 OPM %18.342.99 -5.432.06 - PBDT1.371.85 -26 4.704.12 14 PBT1.361.84 -26 4.674.08 14 NP-9.861.51 PL -7.093.43 PL

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