PVP Ventures posts Q4 net loss of Rs 480.21 cr
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The company reported standalone net loss during the quarter stood at Rs 480.21 crore as compared to net loss of Rs 1.18 crore in the previous year quarter. Net revenue of the company rose three fold by 353.86 per cent at Rs 18.79 crore in January-March quarter of this fiscal as against Rs 4.14 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 177.55 per cent to Rs 4.08 crore from Rs 1.47 crore in year ago period. Other Income dipped by 89.47 per cent at Rs 0.04 crore versus (Mar'21 Rs 0.38 crore).
Operating Profit surged by 452.63 per cent to Rs 14.70 crore as against Rs 2.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.52 per cent in March quarter. Interest grew by 13.78 per cent y-o-y to Rs 7.76 crore
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