HOV Services standalone net profit declines 60.71% in the March 2017 quarter

Sales decline 1.12% to Rs 3.53 crore

Net profit of HOV Services declined 60.71% to Rs 0.22 crore in the quarter ended March 2017 as against Rs 0.56 crore during the previous quarter ended March 2016. Sales declined 1.12% to Rs 3.53 crore in the quarter ended March 2017 as against Rs 3.57 crore during the previous quarter ended March 2016.

For the full year,net profit declined 16.55% to Rs 1.16 crore in the year ended March 2017 as against Rs 1.39 crore during the previous year ended March 2016. Sales rose 1.04% to Rs 13.65 crore in the year ended March 2017 as against Rs 13.51 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales3.533.57 -1 13.6513.51 1 OPM %3.403.36 -6.456.37 - PBDT0.420.75 -44 1.942.19 -11 PBT0.390.66 -41 1.761.83 -4 NP0.220.56 -61 1.161.39 -17

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