Hindusthan National Glass & Industries posts Q4 net loss of Rs 120.78 cr
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The company reported standalone net loss during the quarter stood at Rs 120.78 crore as compared to net loss of Rs 54.49 crore in the previous year quarter. Net revenue of the company rose by 0.23 per cent at Rs 593.75 crore in January-March quarter of this fiscal as against Rs 592.37 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 20.81 per cent to Rs 686.23 crore from Rs 568.04 crore in year ago period. Other Income dipped by 0.38 per cent at Rs 5.20 crore versus (Mar'21 Rs 5.22 crore).
Operating Profit slipped by 480.11 per cent to Rs -92.48 crore as against Rs 24.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 479.08 per cent in March quarter. Interest declined by 91.64 per cent y-o-y to Rs 4.14 crore
