24 Jul 2019 | 10:51 AM

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Alchemist posts Q3 net loss of Rs 12.82 cr
  Alchemist Ltd. | 19 Jul 2019 | 04:01 PM
Published on 02-14-2018
The company reported standalone net loss during the quarter stood at Rs 12.82 crore compared to net profit of Rs 0.26 crore in the previous year quarter. 


Net revenue of the company rose moderately by 18.73 per cent at Rs 7.29 crore in October-December quarter of this fiscal as against Rs 6.14 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 62.30 per cent to Rs 16.96 crore from Rs 10.45 crore in year ago period.


Other Income dipped by 99.71 per cent at Rs 0.02 crore versus (Dec'16 Rs 6.78 crore).


Operating Profit surged by 124.07 per cent to Rs -9.68 crore as against Rs -4.32 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 88.95 per cent in December quarter.


Interest declined by 28.00 per cent y-o-y to Rs 0.36 crore while Taxation increased by 0.00 per cent at Rs 0.83 crore (Dec'16 Rs 0.00 crore).