01-01-1970 12:00 AM | Source: Dion Global Solutions Ltd
Technofab Engineering posts Q4 net loss of Rs 25.98 cr
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The company reported standalone net loss during the quarter stood at Rs 25.98 crore as compared to net loss of Rs 10.85 crore in the previous year quarter. Net revenue of the company rose three fold by 312.89 per cent at Rs 42.61 crore in January-March quarter of this fiscal as against Rs 10.32 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 310.56 per cent to Rs 61.79 crore from Rs 15.05 crore in year ago period. Other Income dipped by 77.46 per cent at Rs 0.55 crore versus (Mar'21 Rs 2.44 crore).

Operating Profit surged by 305.50 per cent to Rs -19.18 crore as against Rs -4.73 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.72 per cent in March quarter. Interest grew by 386.43 per cent y-o-y to Rs 6.81 crore, while Taxation increased by 120.00 per cent at Rs 0.01 crore (Mar'21 Rs -0.05 crore).