Oriental Trimex posts Q4 net loss of Rs 4.48 cr
31/05/2019 17:50
The company reported standalone net loss during the quarter stood at Rs 4.48 crore compared to net profit of Rs 7.59 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 49.17 per cent at Rs 11.89 crore in January-March quarter of this fiscal as against Rs 23.39 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 24.73 per cent to Rs 14.49 crore from Rs 19.25 crore in year ago period.

Other Income dipped by 96.15 per cent at Rs 0.01 crore versus (Mar'18 Rs 0.26 crore).

Operating Profit slipped by 162.80 per cent to Rs -2.60 crore as against Rs 4.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 223.49 per cent in March quarter.

Interest grew by 261.90 per cent y-o-y to Rs 1.52 crore, while Taxation decreased by 90.31 per cent at Rs -0.62 crore (Mar'18 Rs -6.40 crore).