Published on 16/09/2020 4:43:39 PM | Source: Dion Global Solutions Ltd

Rolta India posts Q1 net loss of Rs 2358.80 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

The company reported standalone net loss during the quarter stood at Rs 2358.80 crore as compared to net loss of Rs 102.53 crore in the previous year quarter. Net revenue of the company declined substantially by 86.80 per cent at Rs 4.92 crore in April-June quarter of this fiscal as against Rs 37.26 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 60.96 per cent to Rs 23.83 crore from Rs 61.04 crore in year ago period. Other Income grew by 1511.02 per cent at Rs 19.01 crore versus (Jun'19 Rs 1.18 crore).

Operating Profit slipped by 20.48 per cent to Rs -18.91 crore as against Rs -23.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 502.24 per cent in June quarter. Interest grew by 87.82 per cent y-o-y to Rs 193.36 crore, while Taxation decreased by 73.28 per cent at Rs -14.06 crore (Jun'19 Rs -52.61 crore).