25 Jun 2019 | 10:26 PM

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COMPANYNEWS
Jayaswal Neco Indust posts Q4 net loss of Rs 135.53 cr
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Published on 05-23-2019
The company reported standalone net loss during the quarter stood at Rs 135.53 crore as compared to net loss of Rs 148.10 crore in the previous year quarter.


Net revenue of the company declined moderately by 6.94 per cent at Rs 964.13 crore in January-March quarter of this fiscal as against Rs 1036.07 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 7.26 per cent to Rs 860.37 crore from Rs 927.70 crore in year ago period.


Other Income grew by 1050.00 per cent at Rs 8.28 crore versus (Mar`18 Rs 0.72 crore).


Operating Profit slipped by 4.25 per cent to Rs 103.76 crore as against Rs 108.37 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 2.87 per cent in March quarter.


Interest declined by 1.81 per cent y-o-y to Rs 179.21 crore while Taxation increased by 156.50 per cent at Rs 1.26 crore (Mar`18 Rs -2.23 crore).