Walchandnagar posts Q1 net loss of Rs 16.20 cr
The company reported standalone net loss during the quarter stood at Rs 16.20 crore as compared to net loss of Rs 21.94 crore in the previous year quarter. Net revenue of the company rose substantially by 27.52 per cent at Rs 64.82 crore in April-June quarter of this fiscal as against Rs 50.83 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 29.91 per cent to Rs 69.36 crore from Rs 53.39 crore in year ago period. Other Income grew by 66.22 per cent at Rs 4.97 crore versus (Jun'21 Rs 2.99 crore). Operating Profit surged by 77.34 per cent to Rs -4.54 crore as against Rs -2.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 38.89 per cent in June quarter. Interest declined by 28.37 per cent y-o-y to Rs 11.94 crore