Apollo Finvest (India) Limited approved the appointment of Mrs. Ruchi Namdharani as the compliance officer in place of Mrs. Priyanka Agarwal at its board of directors meeting held on May 10, 2017.

The company announced standalone unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2017. For the quarter, the company reported income from operations of INR 0.988 million compared to INR 3.960 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 0.878 million compared to profit of INR 0.766 million a year ago. Loss from ordinary activities before tax was INR 0.622 million compared to profit of INR 1.386 million a year ago. Net profit for the period was INR 3.690 million or INR 0.99 per basic and diluted share after extraordinary items compared to INR 0.732 million or INR 0.20 per basic and diluted share after extraordinary items a year ago.

For the year, the company reported income from operations of INR 10.999 million compared to INR 17.475 million a year ago. Loss from operations before other income, finance costs and exceptional items were INR 2.369 million compared to profit of INR 7.633 million a year ago. Loss from ordinary activities before tax was INR 1.517 million compared to profit of INR 8.849 million a year ago. Net profit for the period was INR 1.135 million or INR 0.30 per basic and diluted share after extraordinary items compared to INR 8.605 million or INR 2.30 per basic and diluted share after extraordinary items a year ago.