16 Jul 2019 | 4:46 PM

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COMPANYNEWS
Alok Industries posts Q4 net loss of Rs 1259.39 cr
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Published on 06-03-2019
The company reported standalone net loss during the quarter stood at Rs 1259.39 crore as compared to net loss of Rs 1324.49 crore in the previous year quarter.


Net revenue of the company declined moderately by 19.73 per cent at Rs 675.68 crore in January-March quarter of this fiscal as against Rs 841.81 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 27.33 per cent to Rs 782.42 crore from Rs 1076.74 crore in year ago period.


Other Income dipped by 29.06 per cent at Rs 75.44 crore versus (Mar`18 Rs 106.35 crore).


Operating Profit slipped by 54.57 per cent to Rs -106.74 crore as against Rs -234.93 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 43.39 per cent in March quarter.


Interest grew by 4.75 per cent y-o-y to Rs 1091.22 crore