Rolta India posts Q4 net loss of Rs 201.17 cr
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The company reported standalone net loss during the quarter stood at Rs 201.17 crore as compared to net loss of Rs 375.23 crore in the previous year quarter. Net revenue of the company declined substantially by 89.33 per cent at Rs 1.60 crore in January-March quarter of this fiscal as against Rs 14.99 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 80.57 per cent to Rs 12.99 crore from Rs 66.85 crore in year ago period. Other Income dipped by 60.66 per cent at Rs 7.29 crore versus (Mar'21 Rs 18.53 crore). Operating Profit slipped by 78.04 per cent to Rs -11.39 crore as against Rs -51.86 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 105.77 per cent in March quarter. Interest declined by 19.36 per cent y-o-y to Rs 198.24 crore, while Taxation decreased by 87.89 per cent at Rs -5.93 crore (Mar'21 Rs -48.98 crore)
