PNB Gilts posts Q1 net loss of Rs 88.94 cr
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The company reported standalone net loss during the quarter stood at Rs 88.94 crore compared to net profit of Rs 39.89 crore in the previous year quarter.? Net revenue of the company rose substantially by 32.01 per cent at Rs 283.41 crore in April-June quarter of this fiscal as against Rs 214.69 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 382.04 per cent to Rs 212.05 crore from Rs 43.99 crore in year ago period.
Other Income dipped by 95.89 per cent at Rs 0.03 crore versus (Jun'21 Rs 0.73 crore). Operating Profit slipped by 58.19 per cent to Rs 71.36 crore as against Rs 170.69 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 68.33 per cent in June quarter. Interest grew by 69.69 per cent y-o-y to Rs 186.32 crore, while Taxation decreased by 352.02 per cent at Rs -26.21 crore (Jun'21 Rs 10.40 crore).
