Kridhan Infra posts Q2 net loss of Rs 9.10 cr
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The company reported standalone net loss during the quarter stood at Rs 9.10 crore as compared to net loss of Rs 0.42 crore in the previous year quarter. Net revenue of the company declined substantially by 63.99 per cent at Rs 2.42 crore in July-September quarter of this fiscal as against Rs 6.72 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 59.07 per cent to Rs 2.73 crore from Rs 6.67 crore in year ago period. Other Income grew by 35.00 per cent at Rs 0.54 crore versus (Sep'20 Rs 0.40 crore). Operating Profit slipped by 720.00 per cent to Rs -0.31 crore as against Rs 0.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1831.08 per cent in September quarter. Interest declined by 1.47 per cent y-o-y to Rs 0.67 crore, while Taxation decreased by 66.67 per cent at Rs 0.01 crore (Sep'20 Rs 0.03 crore).
