25 Jun 2019 | 10:22 PM

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COMPANYNEWS
Gromo Trade & Consul posts Q4 net loss of Rs 0.39 cr
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Published on 05-24-2019
The company reported standalone net loss during the quarter stood at Rs 0.39 crore as compared to net loss of Rs 0.49 crore in the previous year quarter.


Net revenue of the company rose substantially by 21.66 per cent at Rs 27.41 crore in January-March quarter of this fiscal as against Rs 22.53 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 22.69 per cent to Rs 27.41 crore from Rs 22.34 crore in year ago period.


Operating Profit slipped by 94.74 per cent to Rs 0.01 crore as against Rs 0.19 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 96.43 per cent in March quarter.


Interest declined by 18.18 per cent y-o-y to Rs 0.09 crore while Taxation increased by 900.00 per cent at Rs 0.30 crore (Mar`18 Rs 0.03 crore).