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Published on 13/08/2020 5:37:52 PM | Source: Dion Global Solutions Ltd

Quadrant Televenture posts Q1 net loss of Rs 32.82 cr

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The company reported standalone net loss during the quarter stood at Rs 32.82 crore as compared to net loss of Rs 31.70 crore in the previous year quarter. Net revenue of the company declined substantially by 25.52 per cent at Rs 81.23 crore in April-June quarter of this fiscal as against Rs 109.07 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 27.37 per cent to Rs 79.36 crore from Rs 109.26 crore in year ago period. Other Income dipped by 68.03 per cent at Rs 1.17 crore versus (Jun'19 Rs 3.66 crore).

Operating Profit surged by 1035.00 per cent to Rs 1.87 crore as against Rs -0.20 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1377.78 per cent in June quarter. Interest grew by 4.99 per cent y-o-y to Rs 28.64 crore