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Published on 14/08/2019 5:18:22 PM | Source: Dion Global Solutions Ltd

Kirloskar Elect posts Q1 net loss of Rs 14.11 cr

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The company reported standalone net loss during the quarter stood at Rs 14.11 crore as compared to net loss of Rs 16.78 crore in the previous year quarter. Net revenue of the company declined moderately by 15.34 per cent at Rs 71.24 crore in April-June quarter of this fiscal as against Rs 84.15 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 19.66 per cent to Rs 75.19 crore from Rs 93.59 crore in year ago period. Other Income dipped by 75.59 per cent at Rs 0.73 crore versus (Jun'18 Rs 2.99 crore).

Operating Profit slipped by 58.16 per cent to Rs -3.95 crore as against Rs -9.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 50.62 per cent in June quarter. Interest grew by 13.26 per cent y-o-y to Rs 9.48 crore