Published on 16/09/2020 10:45:28 AM | Source: Dion Global Solutions Ltd

Tulsyan NEC posts Q1 net loss of Rs 76.56 cr

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The company reported standalone net loss during the quarter stood at Rs 76.56 crore as compared to net loss of Rs 39.78 crore in the previous year quarter. Net revenue of the company declined substantially by 51.04 per cent at Rs 95.54 crore in April-June quarter of this fiscal as against Rs 195.12 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 39.30 per cent to Rs 110.39 crore from Rs 181.85 crore in year ago period. Other Income dipped by 96.30 per cent at Rs 0.04 crore versus (Jun'19 Rs 1.08 crore).

Operating Profit slipped by 211.91 per cent to Rs -14.85 crore as against Rs 13.27 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 328.68 per cent in June quarter. Interest grew by 15.63 per cent y-o-y to Rs 55.41 crore