Nivedita Mercantile And Financing consolidated net profit declines 79.71% in the March 2017 quarter

Image
Capital Market
Last Updated : May 29 2017 | 12:48 PM IST

Sales decline 23.67% to Rs 4.87 crore

Net profit of Nivedita Mercantile And Financing declined 79.71% to Rs 0.14 crore in the quarter ended March 2017 as against Rs 0.69 crore during the previous quarter ended March 2016. Sales declined 23.67% to Rs 4.87 crore in the quarter ended March 2017 as against Rs 6.38 crore during the previous quarter ended March 2016.

For the full year,net profit declined 59.09% to Rs 2.34 crore in the year ended March 2017 as against Rs 5.72 crore during the previous year ended March 2016. Sales declined 4.05% to Rs 20.60 crore in the year ended March 2017 as against Rs 21.47 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales4.876.38 -24 20.6021.47 -4 OPM %83.3772.57 -82.0483.98 - PBDT0.11-0.28 LP 2.706.44 -58 PBT0.11-0.28 LP 2.706.44 -58 NP0.140.69 -80 2.345.72 -59

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 29 2017 | 12:23 PM IST

Next Story