Parag Milk Foods posts Q4 net loss of Rs 12.10 cr
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The company reported standalone net loss during the quarter stood at Rs 12.10 crore compared to net profit of Rs 8.53 crore in the previous year quarter.я Net revenue of the company declined moderately by 19.50 per cent at Rs 422.22 crore in January-March quarter of this fiscal as against Rs 524.47 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 16.70 per cent to Rs 402.96 crore from Rs 483.74 crore in year ago period. Other Income grew by 1165.85 per cent at Rs 4.37 crore versus (Mar'20 Rs -0.41 crore). Operating Profit slipped by 52.71 per cent to Rs 19.26 crore as against Rs 40.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 41.31 per cent in March quarter. Interest grew by 35.39 per cent y-o-y to Rs 12.05 crore, while Taxation increased by 21.35 per cent at Rs 11.88 crore (Mar'20 Rs 9.79 crore).
