AGC Networks posts Q1 net loss of Rs 4.00 cr
14/08/2019 17:10
The company reported standalone net loss during the quarter stood at Rs 4.00 crore compared to net profit of Rs 3.15 crore in the previous year quarter.ΓΏ

Net revenue of the company rose moderately by 13.83 per cent at Rs 81.81 crore in April-June quarter of this fiscal as against Rs 71.87 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 16.05 per cent to Rs 80.55 crore from Rs 69.41 crore in year ago period.

Other Income dipped by 58.17 per cent at Rs 1.28 crore versus (Jun'18 Rs 3.06 crore).

Operating Profit slipped by 48.78 per cent to Rs 1.26 crore as against Rs 2.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 54.97 per cent in June quarter.

Interest grew by 3.54 per cent y-o-y to Rs 4.68 crore