Consolidated Constru posts Q1 net loss of Rs 28.16 cr
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The company reported standalone net loss during the quarter stood at Rs 28.16 crore as compared to net loss of Rs 20.68 crore in the previous year quarter. Net revenue of the company declined moderately by 18.42 per cent at Rs 28.39 crore in April-June quarter of this fiscal as against Rs 34.80 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 3.82 per cent to Rs 39.32 crore from Rs 40.88 crore in year ago period. Other Income dipped by 78.46 per cent at Rs 0.70 crore versus (Jun'21 Rs 3.25 crore). Operating Profit surged by 79.77 per cent to Rs -10.93 crore as against Rs -6.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 120.31 per cent in June quarter. Interest grew by 1.30 per cent y-o-y to Rs 17.13 crore
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