Crest Ventures posts Q4 net loss of Rs 10.37 cr
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The company reported standalone net loss during the quarter stood at Rs 10.37 crore as compared to net loss of Rs 7.06 crore in the previous year quarter. Net revenue of the company rose substantially by 72.68 per cent at Rs 10.81 crore in January-March quarter of this fiscal as against Rs 6.26 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 51.37 per cent to Rs 14.38 crore from Rs 9.50 crore in year ago period. Other Income dipped by 122.22 per cent at Rs -0.08 crore versus (Mar'21 Rs 0.36 crore).
Operating Profit surged by 9.88 per cent to Rs -3.56 crore as against Rs -3.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.36 per cent in March quarter. Interest grew by 63.07 per cent y-o-y to Rs 4.68 crore, while Taxation increased by 69.23 per cent at Rs 1.32 crore (Mar'21 Rs 0.78 crore).
