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Published on 16/09/2020 12:02:57 PM | Source: Dion Global Solutions Ltd

Consolidated Construction Consortium Ltd posts Q1 net loss of Rs 23.44 cr

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The company reported standalone net loss during the quarter stood at Rs 23.44 crore as compared to net loss of Rs 17.84 crore in the previous year quarter. Net revenue of the company declined substantially by 84.92 per cent at Rs 14.77 crore in April-June quarter of this fiscal as against Rs 97.96 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 77.84 per cent to Rs 21.42 crore from Rs 96.67 crore in year ago period. Other Income dipped by 64.64 per cent at Rs 3.20 crore versus (Jun'19 Rs 9.05 crore).

Operating Profit slipped by 614.73 per cent to Rs -6.64 crore as against Rs 1.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3532.06 per cent in June quarter. Interest declined by 27.54 per cent y-o-y to Rs 18.81 crore