Valiant Communications reported net loss of Rs 0.09 crore in the quarter ended March 2007 as against net profit of Rs 0.63 crore during the previous quarter ended March 2006. Sales declined 48.09% to Rs 1.36 crore in the quarter ended March 2007 as against Rs 2.62 crore during the previous quarter ended March 2006.

For the full year, net profit declined 34.43% to Rs 1.20 crore in the year ended March 2007 as against Rs 1.83 crore during the previous year ended March 2006. Sales declined 18.18% to Rs 8.37 crore in the year ended March 2007 as against Rs 10.23 crore during the previous year ended March 2006.