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Published on 16/09/2020 4:57:32 PM | Source: Dion Global Solutions Ltd

Madhav Infra Project posts Q1 net loss of Rs 10.74 cr

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The company reported standalone net loss during the quarter stood at Rs 10.74 crore compared to net profit of Rs 0.16 crore in the previous year quarter.  Net revenue of the company declined substantially by 54.24 per cent at Rs 26.15 crore in April-June quarter of this fiscal as against Rs 57.14 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 44.57 per cent to Rs 25.42 crore from Rs 45.86 crore in year ago period. Other Income dipped by 78.21 per cent at Rs 0.39 crore versus (Jun'19 Rs 1.79 crore).

Operating Profit slipped by 93.53 per cent to Rs 0.73 crore as against Rs 11.28 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 85.87 per cent in June quarter. Interest declined by 1.12 per cent y-o-y to Rs 7.06 crore