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Financial Technologies (India) reports standalone net loss of Rs 39.31 crore in the March 2016 quarter

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Capital Market

Sales decline 24.84% to Rs 31.62 crore

Net Loss of Financial Technologies (India) reported to Rs 39.31 crore in the quarter ended March 2016 as against net loss of Rs 5.66 crore during the previous quarter ended March 2015. Sales declined 24.84% to Rs 31.62 crore in the quarter ended March 2016 as against Rs 42.07 crore during the previous quarter ended March 2015.

For the full year,net loss reported to Rs 13.41 crore in the year ended March 2016 as against net profit of Rs 445.14 crore during the previous year ended March 2015. Sales declined 11.63% to Rs 140.17 crore in the year ended March 2016 as against Rs 158.62 crore during the previous year ended March 2015.

 
ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales31.6242.07 -25 140.17158.62 -12 OPM %-121.16-86.21 --97.12-71.56 - PBDT-21.89139.17 PL -68.39224.71 PL PBT-32.43130.10 PL -108.45185.65 PL NP-39.31-5.66 -595 -13.41445.14 PL

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First Published: May 31 2016 | 11:19 AM IST

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