Published on 6/08/2019 5:09:34 PM | Source: Dion Global Solutions Ltd

Walchandnagar posts Q1 net loss of Rs 20.49 cr

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The company reported standalone net loss during the quarter stood at Rs 20.49 crore compared to net profit of Rs 0.07 crore in the previous year quarter.  Net revenue of the company declined by 5.14 per cent at Rs 62.79 crore in April-June quarter of this fiscal as against Rs 66.19 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 21.29 per cent to Rs 59.64 crore from Rs 49.17 crore in year ago period. Other Income dipped by 51.80 per cent at Rs 4.56 crore versus (Jun'18 Rs 9.46 crore).

Operating Profit slipped by 81.49 per cent to Rs 3.15 crore as against Rs 17.02 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 80.47 per cent in June quarter. Interest grew by 15.03 per cent y-o-y to Rs 22.27 crore