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Filatex India reports 3% fall in Q4 net profit

10 May 2017 Evaluate

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

The company has reported a fall of 3.47% in its net profit at Rs 13.08 crore for the quarter ended March 31, 2017 as compared to Rs 13.55 crore for the same quarter in the previous year. However, total income from operations of the company increased by 28.42% at Rs 448.65 crore for quarter under review as compared to Rs 349.37 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 56.83% in its net profit at Rs 41.20 crore as compared to Rs 26.27 crore in FY16. Total income from operations of company increased by 21.31% at Rs 1550.59 crore for year under review as compared to Rs 1278.23 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted rise of 57.02% in its net profit at Rs 41.17 crore as compared to Rs 26.22 crore in the previous year. Total income from operations of company increased by 21.31% at Rs 1550.59 crore for year under review as compared to Rs 1278.23 crore for the year ended March 31, 2016.

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