IFCI Venture Capital Funds reports standalone net loss of Rs 3.64 crore in the March 2022 quarter

Sales decline 50.75% to Rs 3.27 crore

Net loss of IFCI Venture Capital Funds reported to Rs 3.64 crore in the quarter ended March 2022 as against net profit of Rs 1.03 crore during the previous quarter ended March 2021. Sales declined 50.75% to Rs 3.27 crore in the quarter ended March 2022 as against Rs 6.64 crore during the previous quarter ended March 2021.

For the full year,net loss reported to Rs 2.97 crore in the year ended March 2022 as against net profit of Rs 2.47 crore during the previous year ended March 2021. Sales declined 45.51% to Rs 19.53 crore in the year ended March 2022 as against Rs 35.84 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales3.276.64 -51 19.5335.84 -46 OPM %-120.4928.92 -4.3033.54 - PBDT-4.650.05 PL -4.572.84 PL PBT-4.670.03 PL -4.652.77 PL NP-3.641.03 PL -2.972.47 PL

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