Published on 16/09/2020 11:40:04 AM | Source: Dion Global Solutions Ltd

Alok Industries posts Q1 net loss of Rs 10192.79 cr

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The company reported standalone net loss during the quarter stood at Rs 10192.79 crore as compared to net loss of Rs 66.93 crore in the previous year quarter. Net revenue of the company declined substantially by 57.74 per cent at Rs 345.46 crore in April-June quarter of this fiscal as against Rs 817.38 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 15.14 per cent to Rs 676.46 crore from Rs 797.12 crore in year ago period. Other Income dipped by 93.62 per cent at Rs 4.16 crore versus (Jun'19 Rs 65.19 crore).

Operating Profit slipped by 1733.76 per cent to Rs -331.00 crore as against Rs 20.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3963.31 per cent in June quarter. Interest grew by 794.44 per cent y-o-y to Rs 115.74 crore, while Taxation increased by 0.00 per cent at Rs 1,355.33 crore (Jun'19 Rs 0.00 crore).