Shree Digvijay posts Q4 net loss of Rs 2.24 cr
01/05/2019 21:20
The company reported standalone net loss during the quarter stood at Rs 2.24 crore compared to net profit of Rs 8.30 crore in the previous year quarter.ΓΏ

Net revenue of the company declined moderately by 12.90 per cent at Rs 108.67 crore in January-March quarter of this fiscal as against Rs 124.76 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 2.54 per cent to Rs 108.54 crore from Rs 105.85 crore in year ago period.

Other Income grew by 123.57 per cent at Rs 3.51 crore versus (Mar'18 Rs 1.57 crore).

Operating Profit slipped by 99.31 per cent to Rs 0.13 crore as against Rs 18.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 99.21 per cent in March quarter.

Interest declined by 43.32 per cent y-o-y to Rs 1.06 crore, while Taxation decreased by 128.67 per cent at Rs -1.27 crore (Mar'18 Rs 4.43 crore).