Aditya Birla Capital posts Q1 net loss of Rs 46.43 cr
02/08/2019 16:30
The company reported standalone net loss during the quarter stood at Rs 46.43 crore as compared to net loss of Rs 17.45 crore in the previous year quarter.

Net revenue of the company declined substantially by 65.54 per cent at Rs 5.00 crore in April-June quarter of this fiscal as against Rs 14.51 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 28.79 per cent to Rs 22.28 crore from Rs 17.30 crore in year ago period.

Other Income grew by 450.00 per cent at Rs 0.22 crore versus (Jun'18 Rs 0.04 crore).

Operating Profit surged by 519.35 per cent to Rs -17.28 crore as against Rs -2.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1697.19 per cent in June quarter.

Interest grew by 100.41 per cent y-o-y to Rs 29.04 crore