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01-01-1970 12:00 AM | Source: Dion Global Solution Ltd

CMI Ltd posts Q3 net loss of Rs 11.25 cr

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The company reported standalone net loss during the quarter stood at Rs 11.25 crore as compared to net loss of Rs 11.34 crore in the previous year quarter. Net revenue of the company declined substantially by 76.69 per cent at Rs 14.85 crore in October-December quarter of this fiscal as against Rs 63.72 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 74.90 per cent to Rs 16.64 crore from Rs 66.30 crore in year ago period. Other Income dipped by 45.54 per cent at Rs 0.55 crore versus (Dec'20 Rs 1.01 crore). Operating Profit slipped by 30.23 per cent to Rs -1.80 crore as against Rs -2.58 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 198.77 per cent in December quarter. Interest grew by 7.93 per cent y-o-y to Rs 11.43 crore, while Taxation increased by 5.24 per cent at Rs -4.02 crore (Dec'20 Rs -3.82 crore).

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CMI Ltd posts Q3 net loss of Rs 11.25 cr

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