JaiprakashAssociates posts Q1 net loss of Rs 158.83 cr
29/07/2019 08:30
The company reported standalone net loss during the quarter stood at Rs 158.83 crore as compared to net loss of Rs 285.02 crore in the previous year quarter.

Net revenue of the company declined substantially by 29.04 per cent at Rs 1,199.88 crore in April-June quarter of this fiscal as against Rs 1,690.82 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 24.12 per cent to Rs 1,141.56 crore from Rs 1,504.36 crore in year ago period.

Other Income grew by 654.28 per cent at Rs 72.26 crore versus (Jun'18 Rs 9.58 crore).

Operating Profit slipped by 68.72 per cent to Rs 58.32 crore as against Rs 186.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 55.94 per cent in June quarter.

Interest declined by 1.31 per cent y-o-y to Rs 188.00 crore