Published on 2/08/2019 2:59:04 PM | Source: Dion Global Solutions Ltd

BEML posts Q1 net loss of Rs 96.85 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

Now Get news on WhatsApp. Click Here To Know More

The company reported standalone net loss during the quarter stood at Rs 96.85 crore as compared to net loss of Rs 160.34 crore in the previous year quarter. Net revenue of the company rose substantially by 27.80 per cent at Rs 581.07 crore in April-June quarter of this fiscal as against Rs 454.68 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 11.09 per cent to Rs 657.29 crore from Rs 591.66 crore in year ago period. Other Income grew by 94.19 per cent at Rs 9.03 crore versus (Jun'18 Rs 4.65 crore).

Operating Profit slipped by 44.36 per cent to Rs -76.22 crore as against Rs -136.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 56.46 per cent in June quarter. Interest grew by 5.99 per cent y-o-y to Rs 11.68 crore