Ankit Metal & Power posts Q3 net loss of Rs 28.49 cr
15/02/2019 10:50
The company reported standalone net loss during the quarter stood at Rs 28.49 crore as compared to net loss of Rs 46.28 crore in the previous year quarter.

Net revenue of the company rose three fold by 344.22 per cent at Rs 119.45 crore in October-December quarter of this fiscal as against Rs 26.89 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 207.91 per cent to Rs 129.94 crore from Rs 42.20 crore in year ago period.

Operating Profit slipped by 31.82 per cent to Rs -10.39 crore as against Rs -15.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 84.65 per cent in December quarter.

Interest declined by 69.48 per cent y-o-y to Rs 6.29 crore