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Mangal Credit & Fincorp consolidated net profit declines 71.48% in the December 2019 quarter

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Capital Market

Sales decline 37.96% to Rs 8.84 crore

Net profit of Mangal Credit & Fincorp declined 71.48% to Rs 1.46 crore in the quarter ended December 2019 as against Rs 5.12 crore during the previous quarter ended December 2018. Sales declined 37.96% to Rs 8.84 crore in the quarter ended December 2019 as against Rs 14.25 crore during the previous quarter ended December 2018. ParticularsQuarter EndedDec. 2019Dec. 2018% Var.Sales8.8414.25 -38 OPM %54.7573.33 -PBDT4.2410.19 -58 PBT2.338.33 -72 NP1.465.12 -71

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First Published: Feb 18 2020 | 4:57 PM IST

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