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Published on 16/09/2020 2:00:52 PM | Source: Dion Global Solutions Ltd

Alps Industries posts Q1 net loss of Rs 17.35 cr

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The company reported standalone net loss during the quarter stood at Rs 17.35 crore as compared to net loss of Rs 45.67 crore in the previous year quarter. Net revenue of the company declined substantially by 71.29 per cent at Rs 26.25 crore in April-June quarter of this fiscal as against Rs 91.44 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 70.93 per cent to Rs 26.73 crore from Rs 91.96 crore in year ago period. Other Income dipped by 79.53 per cent at Rs 0.26 crore versus (Jun'19 Rs 1.27 crore).

Operating Profit slipped by 7.69 per cent to Rs -0.48 crore as against Rs -0.52 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 222.81 per cent in June quarter. Interest grew by 6.29 per cent y-o-y to Rs 15.05 crore