Published on 13/08/2019 11:04:01 AM | Source: Dion Global Solutions Ltd

Pricol L posts Q1 net loss of Rs 19.07 cr

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The company reported standalone net loss during the quarter stood at Rs 19.07 crore compared to net profit of Rs 4.87 crore in the previous year quarter.  Net revenue of the company declined moderately by 6.74 per cent at Rs 303.06 crore in April-June quarter of this fiscal as against Rs 324.97 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 5.53 per cent to Rs 295.13 crore from Rs 312.39 crore in year ago period. Other Income grew by 72.00 per cent at Rs 0.86 crore versus (Jun'18 Rs 0.50 crore).

Operating Profit slipped by 16.63 per cent to Rs 24.31 crore as against Rs 29.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 10.59 per cent in June quarter. Interest grew by 71.46 per cent y-o-y to Rs 6.79 crore, while Taxation decreased by 113.81 per cent at Rs -0.25 crore (Jun'18 Rs 1.81 crore).