25 Jun 2019 | 10:22 PM

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COMPANYNEWS
Indian Card Clot posts Q4 net loss of Rs 6.86 cr
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Published on 05-24-2019
The company reported standalone net loss during the quarter stood at Rs 6.86 crore as compared to net loss of Rs 13.73 crore in the previous year quarter.


Net revenue of the company declined substantially by 24.12 per cent at Rs 13.84 crore in January-March quarter of this fiscal as against Rs 18.24 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 4.98 per cent to Rs 20.05 crore from Rs 21.10 crore in year ago period.


Other Income grew by 14.47 per cent at Rs 0.87 crore versus (Mar`18 Rs 0.76 crore).


Operating Profit surged by 117.13 per cent to Rs -6.21 crore as against Rs -2.86 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 186.53 per cent in March quarter.


Interest grew by 39.71 per cent y-o-y to Rs 0.95 crore while Taxation decreased by 86.98 per cent at Rs -0.44 crore (Mar`18 Rs -3.38 crore).