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Published on 7/08/2020 5:37:14 PM | Source: Dion Global Solutions Ltd

BEML posts Q1 net loss of Rs 132.75 cr

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The company reported standalone net loss during the quarter stood at Rs 132.75 crore as compared to net loss of Rs 96.85 crore in the previous year quarter. Net revenue of the company declined substantially by 32.67 per cent at Rs 391.24 crore in April-June quarter of this fiscal as against Rs 581.07 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 22.65 per cent to Rs 508.42 crore from Rs 657.29 crore in year ago period. Other Income grew by 36.54 per cent at Rs 12.33 crore versus (Jun'19 Rs 9.03 crore).

Operating Profit surged by 53.74 per cent to Rs -117.18 crore as against Rs -76.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 128.28 per cent in June quarter. Interest declined by 14.98 per cent y-o-y to Rs 9.93 crore