Valecha Engineer posts Q4 net profit of Rs 0.18 cr
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The company reported standalone net profit during the quarter stood at Rs 0.18 crore compared to net loss of Rs 1.39 crore in the previous year quarter. Net revenue of the company declined substantially by 54.41 per cent at Rs 60.57 crore in January-March quarter of this fiscal as against Rs 132.85 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 49.10 per cent to Rs 65.47 crore from Rs 128.63 crore in year ago period.
Other Income grew by 394.29 per cent at Rs 5.19 crore versus (Mar'21 Rs 1.05 crore). Operating Profit slipped by 216.11 per cent to Rs -4.90 crore as against Rs 4.22 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 354.40 per cent in March quarter. Interest declined by 98.59 per cent y-o-y to Rs 0.01 crore
