Shekhawati Poly Yarn posts Q4 net loss of Rs 11.30 cr
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The company reported standalone net loss during the quarter stood at Rs 11.30 crore as compared to net loss of Rs 0.07 crore in the previous year quarter. Net revenue of the company rose three fold by 1033.74 per cent at Rs 139.11 crore in January-March quarter of this fiscal as against Rs 12.27 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 1301.23 per cent to Rs 148.67 crore from Rs 10.61 crore in year ago period.
Other Income dipped by 13.51 per cent at Rs 0.64 crore versus (Mar'21 Rs 0.74 crore). Operating Profit slipped by 676.51 per cent to Rs -9.57 crore as against Rs 1.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 150.85 per cent in March quarter. Interest declined by 72.73 per cent y-o-y to Rs 0.03 crore
