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Aurionpro Solutions reports 89% fall in Q4 consolidated net profit

Aurionpro Solutions has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a net loss of Rs 0.83 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 2.25 crore for the same quarter in the previous year. However, total income from operations of the company jumped by 45.09% at Rs 58.12 crore for quarter under review as compared to Rs 40.06 crore for the quarter ended March 31, 2016.

On consolidated basis, the company has reported a fall of 88.62% in its net profit after minority interest at Rs 1.28 crore for the quarter ended March 31, 2017 as compared to Rs 11.23 crore for the same quarter in the previous year. However, total income of the company increased marginally by 1.12% at Rs 184.07 crore for quarter under review as compared to Rs 182.02 crore for the same quarter ended previous year.

For the year ended March 31, 2017, the company has posted a fall of 22.23% in its net profit at Rs 9.55 crore as compared to Rs 12.29 crore in FY16. However, total income of company increased by 31.71% at Rs 210.97 crore for year under review as compared to Rs 160.18 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 19.77% in its net profit at Rs 43.46 crore as compared to Rs 54.17 crore in the previous year. Total income of the company decreased by 10.16% at Rs 638.28 crore for quarter under review as compared to Rs 710.43 crore for the same quarter ended previous year.

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