Published on 16/09/2020 1:56:34 PM | Source: Dion Global Solutions Ltd

Castex Technologies posts Q1 net loss of Rs 131.61 cr

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The company reported standalone net loss during the quarter stood at Rs 131.61 crore as compared to net loss of Rs 130.11 crore in the previous year quarter. Net revenue of the company declined substantially by 80.44 per cent at Rs 16.16 crore in April-June quarter of this fiscal as against Rs 82.62 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 72.26 per cent to Rs 24.56 crore from Rs 88.55 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Jun'19 Rs 0.01 crore).

Operating Profit surged by 41.65 per cent to Rs -8.40 crore as against Rs -5.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 623.96 per cent in June quarter. Interest declined by 20.13 per cent y-o-y to Rs 1.19 crore