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Published on 28/05/2020 1:21:15 PM | Source: Dion Global Solutions Ltd

Aditya Birla Fashion posts Q4 net loss of Rs 140.29 cr

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The company reported standalone net loss during the quarter stood at Rs 140.29 crore compared to net profit of Rs 202.64 crore in the previous year quarter.я Net revenue of the company declined by 5.11 per cent at Rs 1,817.43 crore in January-March quarter of this fiscal as against Rs 1,915.31 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 7.23 per cent to Rs 1,661.38 crore from Rs 1,790.81 crore in year ago period. Other Income dipped by 30.36 per cent at Rs 16.88 crore versus (Mar'19 Rs 24.24 crore).

Operating Profit surged by 25.34 per cent to Rs 156.05 crore as against Rs 124.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.15 per cent in March quarter. Interest grew by 161.88 per cent y-o-y to Rs 118.63 crore, while Taxation decreased by 77.99 per cent at Rs -37.88 crore (Mar'19 Rs -172.12 crore).