25 Jun 2019 | 10:25 PM

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COMPANYNEWS
Arfin India posts Q4 net loss of Rs 1.21 cr
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Published on 05-27-2019
The company reported standalone net loss during the quarter stood at Rs 1.21 crore compared to net profit of Rs 5.83 crore in the previous year quarter. 


Net revenue of the company declined substantially by 36.84 per cent at Rs 91.41 crore in January-March quarter of this fiscal as against Rs 144.72 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 31.81 per cent to Rs 89.87 crore from Rs 131.80 crore in year ago period.


Other Income dipped by 91.67 per cent at Rs 0.04 crore versus (Mar`18 Rs 0.48 crore).


Operating Profit slipped by 88.08 per cent to Rs 1.54 crore as against Rs 12.92 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 81.19 per cent in March quarter.


Interest declined by 9.24 per cent y-o-y to Rs 3.83 crore while Taxation decreased by 150.50 per cent at Rs -1.51 crore (Mar`18 Rs 2.99 crore).