17 Jul 2019 | 6:58 AM

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Ashima posts Q3 net loss of Rs 0.55 cr
  Ashima Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-09-2019
The company reported standalone net loss during the quarter stood at Rs 0.55 crore compared to net profit of Rs 80.01 crore in the previous year quarter. 


Net revenue of the company rose moderately by 19.15 per cent at Rs 81.27 crore in October-December quarter of this fiscal as against Rs 68.21 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 19.86 per cent to Rs 80.93 crore from Rs 67.52 crore in year ago period.


Other Income grew by 161.76 per cent at Rs 0.89 crore versus (Dec`17 Rs 0.34 crore).


Operating Profit slipped by 50.72 per cent to Rs 0.34 crore as against Rs 0.69 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 58.42 per cent in December quarter.


Interest grew by 17.33 per cent y-o-y to Rs 0.88 crore