18 Feb 2019 | 2:25 AM

News

COMPANYNEWS
Coastal Roadways posts Q3 net loss of Rs 0.64 cr
  |
Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 0.64 crore compared to net profit of Rs 0.09 crore in the previous year quarter. 


Net revenue of the company declined marginally by 3.91 per cent at Rs 12.54 crore in October-December quarter of this fiscal as against Rs 13.05 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 2.37 per cent to Rs 12.53 crore from Rs 12.24 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec`17 Rs 0.01 crore).


Operating Profit slipped by 98.77 per cent to Rs 0.01 crore as against Rs 0.81 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 98.71 per cent in December quarter.


Interest grew by 6.67 per cent y-o-y to Rs 0.16 crore while Taxation decreased by 266.67 per cent at Rs -0.05 crore (Dec`17 Rs 0.03 crore).