Consolidated Construction Consortium posts Q4 net loss of Rs 66.09 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net loss during the quarter stood at Rs 66.09 crore as compared to net loss of Rs 34.81 crore in the previous year quarter. Net revenue of the company declined substantially by 49.88 per cent at Rs 28.18 crore in January-March quarter of this fiscal as against Rs 56.22 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 0.57 per cent to Rs 77.46 crore from Rs 77.02 crore in year ago period.
Other Income dipped by 104.52 per cent at Rs -0.27 crore versus (Mar'21 Rs 5.97 crore). Operating Profit surged by 136.92 per cent to Rs -49.28 crore as against Rs -20.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 372.49 per cent in March quarter. Interest declined by 5.87 per cent y-o-y to Rs 16.37 crore, while Taxation increased by 33.33 per cent at Rs -0.76 crore (Mar'21 Rs -0.57 crore).
