16 Jul 2019 | 6:36 PM


Econo Trade (India) posts Q4 net loss of Rs 0.86 cr
  Econo Trade (India) Ltd. | 10 Jul 2019 | 04:01 PM
Published on 06-19-2019
The company reported standalone net loss during the quarter stood at Rs 0.86 crore compared to net profit of Rs 0.38 crore in the previous year quarter. 

Net revenue of the company declined substantially by 73.19 per cent at Rs 1.70 crore in January-March quarter of this fiscal as against Rs 6.34 crore in the corresponding period last year.

During January-March quarter operating expenses dropped by 54.30 per cent to Rs 2.66 crore from Rs 5.82 crore in year ago period.

Operating Profit slipped by 263.46 per cent to Rs -0.85 crore as against Rs 0.52 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 714.34 per cent in March quarter.