Vax Housing Finance Corporation standalone net profit declines 85.71% in the March 2016 quarter

Sales decline 98.76% to Rs 0.10 crore

Net profit of Vax Housing Finance Corporation declined 85.71% to Rs 0.01 crore in the quarter ended March 2016 as against Rs 0.07 crore during the previous quarter ended March 2015. Sales declined 98.76% to Rs 0.10 crore in the quarter ended March 2016 as against Rs 8.07 crore during the previous quarter ended March 2015.

For the full year,net profit declined 33.33% to Rs 0.04 crore in the year ended March 2016 as against Rs 0.06 crore during the previous year ended March 2015. Sales declined 94.64% to Rs 0.49 crore in the year ended March 2016 as against Rs 9.15 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales0.108.07 -99 0.499.15 -95 OPM %10.001.86 -10.201.64 - PBDT0.010.15 -93 0.050.15 -67 PBT0.010.10 -90 0.040.09 -56 NP0.010.07 -86 0.040.06 -33

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