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Published on 16/09/2020 11:42:08 AM | Source: Dion Global Solutions Ltd

Future Enterprises posts Q1 net loss of Rs 279.24 cr

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The company reported standalone net loss during the quarter stood at Rs 279.24 crore as compared to net loss of Rs 12.82 crore in the previous year quarter. Net revenue of the company declined substantially by 93.91 per cent at Rs 66.84 crore in April-June quarter of this fiscal as against Rs 1,097.63 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 92.25 per cent to Rs 59.59 crore from Rs 768.76 crore in year ago period. Other Income grew by 1717.12 per cent at Rs 114.66 crore versus (Jun'19 Rs 6.31 crore).

Operating Profit slipped by 97.80 per cent to Rs 7.25 crore as against Rs 328.87 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 63.79 per cent in June quarter. Interest grew by 15.71 per cent y-o-y to Rs 174.74 crore