16 Jul 2019 | 8:30 AM

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Alchemist posts Q3 net loss of Rs 3.01 cr
  Alchemist Ltd. | 15 Jul 2019 | 03:41 PM
Published on 02-13-2019
The company reported standalone net loss during the quarter stood at Rs 3.01 crore as compared to net loss of Rs 12.82 crore in the previous year quarter.


Net revenue of the company declined moderately by 12.62 per cent at Rs 6.37 crore in October-December quarter of this fiscal as against Rs 7.29 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 53.07 per cent to Rs 7.96 crore from Rs 16.96 crore in year ago period.


Other Income grew by 4000.00 per cent at Rs 0.82 crore versus (Dec`17 Rs 0.02 crore).


Operating Profit slipped by 83.57 per cent to Rs -1.59 crore as against Rs -9.68 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 81.23 per cent in December quarter.


Interest declined by 36.11 per cent y-o-y to Rs 0.23 crore while Taxation decreased by 66.27 per cent at Rs 0.28 crore (Dec`17 Rs 0.83 crore).