Mangal Credit & Fincorp standalone net profit declines 76.36% in the March 2016 quarter

Sales decline 42.64% to Rs 1.87 crore

Net profit of Mangal Credit & Fincorp declined 76.36% to Rs 0.13 crore in the quarter ended March 2016 as against Rs 0.55 crore during the previous quarter ended March 2015. Sales declined 42.64% to Rs 1.87 crore in the quarter ended March 2016 as against Rs 3.26 crore during the previous quarter ended March 2015.

For the full year,net profit rose 18.28% to Rs 1.10 crore in the year ended March 2016 as against Rs 0.93 crore during the previous year ended March 2015. Sales declined 43.10% to Rs 6.64 crore in the year ended March 2016 as against Rs 11.67 crore during the previous year ended March 2015.

ParticularsQuarter EndedYear EndedMar. 2016Mar. 2015% Var.Mar. 2016Mar. 2015% Var.Sales1.873.26 -43 6.6411.67 -43 OPM %50.2787.12 -54.8277.63 - PBDT0.601.18 -49 1.872.11 -11 PBT0.470.99 -53 1.351.39 -3 NP0.130.55 -76 1.100.93 18

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