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Published on 14/02/2020 1:59:04 PM | Source: Dion Global Solutions Ltd

Ind-Swift L posts Q3 net loss of Rs 11.80 cr

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The company reported standalone net loss during the quarter stood at Rs 11.80 crore as compared to net loss of Rs 3.73 crore in the previous year quarter. Net revenue of the company rose substantially by 49.34 per cent at Rs 95.74 crore in October-December quarter of this fiscal as against Rs 64.11 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 32.30 per cent to Rs 84.17 crore from Rs 63.62 crore in year ago period. Other Income grew by 22.33 per cent at Rs 3.78 crore versus (Dec'18 Rs 3.09 crore).

Operating Profit surged by 2261.22 per cent to Rs 11.57 crore as against Rs 0.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1490.79 per cent in December quarter. Interest grew by 2117.20 per cent y-o-y to Rs 18.76 crore