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Published on 22/04/2020 12:46:44 PM | Source: Dion Global Solutions Ltd

GTPL Hathway posts Q4 net loss of Rs 36.77 cr

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The company reported standalone net loss during the quarter stood at Rs 36.77 crore as compared to net loss of Rs 18.25 crore in the previous year quarter. Net revenue of the company rose triple digit by 125.98 per cent at Rs 492.48 crore in January-March quarter of this fiscal as against Rs 217.93 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 178.15 per cent to Rs 419.42 crore from Rs 150.79 crore in year ago period. Other Income dipped by 72.86 per cent at Rs 3.39 crore versus (Mar'19 Rs 12.49 crore).

Operating Profit surged by 8.82 per cent to Rs 73.07 crore as against Rs 67.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.83 per cent in March quarter. Interest grew by 23.27 per cent y-o-y to Rs 10.33 crore, while Taxation increased by 272.85 per cent at Rs -10.85 crore (Mar'19 Rs -2.91 crore).