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Avance Technologies reports standalone net loss of Rs 0.06 crore in the March 2017 quarter

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Capital Market

Sales decline 1.66% to Rs 21.29 crore

Net Loss of Avance Technologies reported to Rs 0.06 crore in the quarter ended March 2017 as against net loss of Rs 1.67 crore during the previous quarter ended March 2016. Sales declined 1.66% to Rs 21.29 crore in the quarter ended March 2017 as against Rs 21.65 crore during the previous quarter ended March 2016.

For the full year,net profit reported to Rs 0.21 crore in the year ended March 2017 as against net loss of Rs 1.10 crore during the previous year ended March 2016. Sales declined 11.51% to Rs 89.92 crore in the year ended March 2017 as against Rs 101.62 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales21.2921.65 -2 89.92101.62 -12 OPM %-0.33-8.41 -0.22-0.04 - PBDT-0.06-1.67 96 0.210.10 110 PBT-0.06-1.67 96 0.210.10 110 NP-0.06-1.67 96 0.21-1.10 LP

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First Published: May 31 2017 | 11:46 AM IST

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