Schneider Electric posts Q4 net loss of Rs 11.25 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net loss during the quarter stood at Rs 11.25 crore as compared to net loss of Rs 25.75 crore in the previous year quarter. Net revenue of the company rose moderately by 7.66 per cent at Rs 247.18 crore in January-March quarter of this fiscal as against Rs 229.59 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 3.89 per cent to Rs 252.04 crore from Rs 242.60 crore in year ago period. Other Income grew by 478.53 per cent at Rs 11.05 crore versus (Mar'20 Rs 1.91 crore). Operating Profit slipped by 62.57 per cent to Rs -4.87 crore as against Rs -13.01 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 65.26 per cent in March quarter. Interest grew by 6.18 per cent y-o-y to Rs 11.34 crore
