Published on 15/05/2019 5:17:00 PM | Source: Dion Global Solutions Ltd

Indo Rama Synth. posts Q4 net loss of Rs 169.33 cr

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The company reported standalone net loss during the quarter stood at Rs 169.33 crore as compared to net loss of Rs 30.29 crore in the previous year quarter. Net revenue of the company declined moderately by 16.07 per cent at Rs 436.39 crore in January-March quarter of this fiscal as against Rs 519.92 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 2.01 per cent to Rs 522.96 crore from Rs 512.68 crore in year ago period. Other Income dipped by 10.34 per cent at Rs 1.04 crore versus (Mar'18 Rs 1.16 crore). Operating Profit slipped by 1295.72 per cent to Rs -86.57 crore as against Rs 7.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1527.34 per cent in March quarter. Interest grew by 66.46 per cent y-o-y to Rs 40.45 crore, while Taxation increased by 531.38 per cent at Rs -91.74 crore (Mar'18 Rs -14.53 crore).