16 Jul 2019 | 6:29 PM

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Arihant Foundat posts Q4 net loss of Rs 0.09 cr
  Arihant Foundations & Housing Ltd. | 12 Jul 2019 | 04:01 PM
Published on 05-31-2019
The company reported standalone net loss during the quarter stood at Rs 0.09 crore compared to net profit of Rs 0.30 crore in the previous year quarter. 


Net revenue of the company declined moderately by 16.76 per cent at Rs 4.62 crore in January-March quarter of this fiscal as against Rs 5.55 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 63.65 per cent to Rs 2.77 crore from Rs 7.62 crore in year ago period.


Other Income grew by 30.67 per cent at Rs 8.01 crore versus (Mar`18 Rs 6.13 crore).


Operating Profit surged by 189.37 per cent to Rs 1.85 crore as against Rs -2.07 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 207.21 per cent in March quarter.


Interest grew by 168.06 per cent y-o-y to Rs 9.65 crore while Taxation increased by 0.00 per cent at Rs 0.20 crore (Mar`18 Rs 0.00 crore).