Veritas (India) standalone net profit declines 53.54% in the March 2016 quarter

Sales decline 40.21% to Rs 89.22 crore

Net profit of Veritas (India) declined 53.54% to Rs 3.02 crore in the quarter ended March 2016 as against Rs 6.50 crore during the previous quarter ended March 2015. Sales declined 40.21% to Rs 89.22 crore in the quarter ended March 2016 as against Rs 149.23 crore during the previous quarter ended March 2015.

For the full year,net profit declined 14.14% to Rs 7.53 crore in the year ended March 2016 as against Rs 8.77 crore during the previous year ended March 2015. Sales declined 10.68% to Rs 451.92 crore in the year ended March 2016 as against Rs 505.95 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales89.22149.23 -40 451.92505.95 -11 OPM %3.860.32 -1.861.04 - PBDT3.828.16 -53 9.4211.47 -18 PBT3.658.03 -55 8.7710.89 -19 NP3.026.50 -54 7.538.77 -14

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