Golden Goenka Fincorp reports standalone net loss of Rs 1.23 crore in the March 2016 quarter

Sales decline 64.76% to Rs 5.68 crore

Net loss of Golden Goenka Fincorp reported to Rs 1.23 crore in the quarter ended March 2016 as against net profit of Rs 2.15 crore during the previous quarter ended March 2015. Sales declined 64.76% to Rs 5.68 crore in the quarter ended March 2016 as against Rs 16.12 crore during the previous quarter ended March 2015.

For the full year,net profit rose 26.86% to Rs 7.32 crore in the year ended March 2016 as against Rs 5.77 crore during the previous year ended March 2015. Sales declined 86.46% to Rs 24.51 crore in the year ended March 2016 as against Rs 181.03 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales5.6816.12 -65 24.51181.03 -86 OPM %51.5817.56 -63.776.12 - PBDT2.952.83 4 15.788.76 80 PBT2.912.75 6 15.668.59 82 NP-1.232.15 PL 7.325.77 27

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