Zenith Exports L posts Q4 net loss of Rs 1.66 cr
28/05/2019 17:10
The company reported standalone net loss during the quarter stood at Rs 1.66 crore as compared to net loss of Rs 2.05 crore in the previous year quarter.

Net revenue of the company declined moderately by 7.82 per cent at Rs 22.16 crore in January-March quarter of this fiscal as against Rs 24.04 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 7.67 per cent to Rs 23.85 crore from Rs 25.83 crore in year ago period.

Other Income dipped by 18.75 per cent at Rs 0.52 crore versus (Mar'18 Rs 0.64 crore).

Operating Profit slipped by 5.59 per cent to Rs -1.69 crore as against Rs -1.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.42 per cent in March quarter.

Interest grew by 34.38 per cent y-o-y to Rs 0.43 crore, while Taxation increased by 94.44 per cent at Rs -0.35 crore (Mar'18 Rs -0.18 crore).