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Avantel net profit declines 72.19% in the March 2014 quarter

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Capital Market

Sales decline 87.90% to Rs 3.11 crore

Net profit of Avantel declined 72.19% to Rs 0.94 crore in the quarter ended March 2014 as against Rs 3.38 crore during the previous quarter ended March 2013. Sales declined 87.90% to Rs 3.11 crore in the quarter ended March 2014 as against Rs 25.70 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 1.03 crore in the year ended March 2014 as against net profit of Rs 6.52 crore during the previous year ended March 2013. Sales declined 69.71% to Rs 13.01 crore in the year ended March 2014 as against Rs 42.95 crore during the previous year ended March 2013.

 
ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales3.1125.70 -88 13.0142.95 -70 OPM %59.1618.29 -13.6823.84 - PBDT1.474.55 -68 0.849.46 -91 PBT0.984.24 -77 -1.158.20 PL NP0.943.38 -72 -1.036.52 PL

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First Published: May 15 2014 | 3:00 PM IST

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