25 Jun 2019 | 10:29 PM

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COMPANYNEWS
E-Land Apparel posts Q4 net loss of Rs 7.44 cr
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Published on 05-24-2019
The company reported standalone net loss during the quarter stood at Rs 7.44 crore as compared to net loss of Rs 38.28 crore in the previous year quarter.


Net revenue of the company rose by 5.70 per cent at Rs 46.56 crore in January-March quarter of this fiscal as against Rs 44.05 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 3.77 per cent to Rs 46.00 crore from Rs 44.33 crore in year ago period.


Other Income dipped by 58.23 per cent at Rs 0.33 crore versus (Mar`18 Rs 0.79 crore).


Operating Profit surged by 300.00 per cent to Rs 0.56 crore as against Rs -0.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 292.06 per cent in March quarter.


Interest grew by 253.60 per cent y-o-y to Rs 7.85 crore