Kothari Industrial Corporation posts Q4 net loss of Rs 13.90 cr
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The company reported standalone net loss during the quarter stood at Rs 13.90 crore as compared to net loss of Rs 0.54 crore in the previous year quarter. Net revenue of the company declined moderately by 13.21 per cent at Rs 1.38 crore in January-March quarter of this fiscal as against Rs 1.59 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 27.76 per cent to Rs 3.36 crore from Rs 2.63 crore in year ago period. Other Income grew by 28.57 per cent at Rs 0.45 crore versus (Mar'21 Rs 0.35 crore).
Operating Profit surged by 106.02 per cent to Rs -1.71 crore as against Rs -0.83 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 139.31 per cent in March quarter. Interest grew by 48300.00 per cent y-o-y to Rs 9.68 crore, while Taxation increased by 0.00 per cent at Rs 0.07 crore (Mar'21 Rs 0.00 crore).
