STI India reports net loss of Rs 3.29 crore in Q4

09 May 2017

STI India has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a net loss of Rs 3.29 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 16.84 crore for the same quarter in the previous year. However, total income of the company increased by 43.51% at Rs 12.41 crore for quarter under review as compared to Rs 8.65 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2016, the company has posted a net loss of Rs 7.98 crore as compared to a net profit of Rs 24 crore for the same period in the previous year. However, total income of the company increased marginally by 0.39% at Rs 46.97 crore for year under review as compared to Rs 46.79 crore for the year ended March 31, 2016.

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