Meenakshi Steel posts Q3 net loss of Rs 20.67 cr
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The company reported standalone net loss during the quarter stood at Rs 20.67 crore compared to net profit of Rs 0.01 crore in the previous year quarter.я Net revenue of the company rose three fold by 12400.00 per cent at Rs 3.75 crore in October-December quarter of this fiscal as against Rs 0.03 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 350.00 per cent to Rs 0.09 crore from Rs 0.02 crore in year ago period. Operating Profit surged by 36500.00 per cent to Rs 3.66 crore as against Rs 0.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 185.59 per cent in December quarter. Interest grew by 0.00 per cent y-o-y to Rs 2.61 crore, while Taxation increased by 0.00 per cent at Rs 21.72 crore (Dec'19 Rs 0.00 crore).
