17 Jul 2019 | 6:47 AM

News

COMPANYNEWS
Alok Industries posts Q3 net loss of Rs 1259.39 cr
  |
Published on 02-15-2019
The company reported standalone net loss during the quarter stood at Rs 1259.39 crore as compared to net loss of Rs 4745.33 crore in the previous year quarter.


Net revenue of the company declined substantially by 29.05 per cent at Rs 675.68 crore in October-December quarter of this fiscal as against Rs 952.35 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 83.55 per cent to Rs 782.42 crore from Rs 4757.17 crore in year ago period.


Other Income grew by 208.55 per cent at Rs 75.44 crore versus (Dec`17 Rs 24.45 crore).


Operating Profit slipped by 97.19 per cent to Rs -106.74 crore as against Rs -3804.82 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 96.05 per cent in December quarter.


Interest grew by 30.20 per cent y-o-y to Rs 1091.22 crore