17 Jul 2019 | 6:43 AM

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COMPANYNEWS
Ashima posts Q4 net loss of Rs 5.95 cr
  Ashima Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-19-2018
The company reported standalone net loss during the quarter stood at Rs 5.95 crore compared to net profit of Rs 17.62 crore in the previous year quarter. 


Net revenue of the company rose substantially by 23.21 per cent at Rs 56.11 crore in January-March quarter of this fiscal as against Rs 45.54 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 23.11 per cent to Rs 60.79 crore from Rs 49.38 crore in year ago period.


Other Income grew by 1500.00 per cent at Rs 0.48 crore versus (Mar'17 Rs 0.03 crore).


Operating Profit surged by 21.88 per cent to Rs -4.68 crore as against Rs -3.84 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.95 per cent in March quarter.


Interest declined by 67.54 per cent y-o-y to Rs 0.87 crore