Veer Energy & Infrastructure reports standalone net profit of Rs 0.21 crore in the March 2017 quarter

Sales decline 70.77% to Rs 2.42 crore

Net profit of Veer Energy & Infrastructure reported to Rs 0.21 crore in the quarter ended March 2017 as against net loss of Rs 0.09 crore during the previous quarter ended March 2016. Sales declined 70.77% to Rs 2.42 crore in the quarter ended March 2017 as against Rs 8.28 crore during the previous quarter ended March 2016.

For the full year,net profit declined 20.00% to Rs 1.20 crore in the year ended March 2017 as against Rs 1.50 crore during the previous year ended March 2016. Sales declined 66.24% to Rs 15.45 crore in the year ended March 2017 as against Rs 45.76 crore during the previous year ended March 2016.

ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales2.428.28 -71 15.4545.76 -66 OPM %-7.023.02 -8.676.75 - PBDT0.310.04 675 2.052.70 -24 PBT0.05-0.19 LP 1.041.77 -41 NP0.21-0.09 LP 1.201.50 -20

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