Arcotech posts Q1 net loss of Rs 30.98 cr
13/08/2019 17:50
The company reported standalone net loss during the quarter stood at Rs 30.98 crore compared to net profit of Rs 3.09 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 73.91 per cent at Rs 40.50 crore in April-June quarter of this fiscal as against Rs 155.26 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 42.10 per cent to Rs 77.49 crore from Rs 133.84 crore in year ago period.

Other Income dipped by 60.53 per cent at Rs 0.15 crore versus (Jun'18 Rs 0.38 crore).

Operating Profit slipped by 272.74 per cent to Rs -37.00 crore as against Rs 21.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 762.03 per cent in June quarter.

Interest declined by 44.66 per cent y-o-y to Rs 7.62 crore, while Taxation decreased by 780.33 per cent at Rs -16.26 crore (Jun'18 Rs 2.39 crore).