Ansal Housing L posts Q4 net loss of Rs 0.03 cr
29/05/2019 18:20
The company reported standalone net loss during the quarter stood at Rs 0.03 crore as compared to net loss of Rs 5.62 crore in the previous year quarter.

Net revenue of the company declined substantially by 52.53 per cent at Rs 24.09 crore in January-March quarter of this fiscal as against Rs 50.75 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 56.71 per cent to Rs 19.71 crore from Rs 45.53 crore in year ago period.

Other Income grew by 41.74 per cent at Rs 13.04 crore versus (Mar'18 Rs 9.20 crore).

Operating Profit slipped by 16.09 per cent to Rs 4.38 crore as against Rs 5.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 76.58 per cent in March quarter.

Interest declined by 16.64 per cent y-o-y to Rs 17.28 crore, while Taxation decreased by 62.77 per cent at Rs -0.35 crore (Mar'18 Rs -0.94 crore).