Published on 31/07/2020 12:28:35 PM | Source: Dion Global Solutions Ltd

Sundaram Clayton posts Q1 net loss of Rs 52.73 cr

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The company reported standalone net loss during the quarter stood at Rs 52.73 crore compared to net profit of Rs 4.87 crore in the previous year quarter.  Net revenue of the company declined substantially by 70.81 per cent at Rs 109.22 crore in April-June quarter of this fiscal as against Rs 374.15 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 60.33 per cent to Rs 132.40 crore from Rs 333.73 crore in year ago period. Other Income dipped by 48.11 per cent at Rs 3.70 crore versus (Jun'19 Rs 7.13 crore).

Operating Profit slipped by 157.35 per cent to Rs -23.18 crore as against Rs 40.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 296.48 per cent in June quarter. Interest declined by 4.40 per cent y-o-y to Rs 14.13 crore, while Taxation decreased by 144.23 per cent at Rs -0.23 crore (Jun'19 Rs 0.52 crore).