18 Feb 2019 | 2:40 AM

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Mukand Engineers posts Q3 net loss of Rs 7.59 cr
  Mukand Engineers Ltd. | 15 Feb 2019 | 02:40 PM
Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 7.59 crore as compared to net loss of Rs 4.54 crore in the previous year quarter.


Net revenue of the company declined substantially by 63.61 per cent at Rs 10.32 crore in October-December quarter of this fiscal as against Rs 28.36 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 52.26 per cent to Rs 15.19 crore from Rs 31.82 crore in year ago period.


Other Income dipped by 90.00 per cent at Rs 0.13 crore versus (Dec`17 Rs 1.30 crore).


Operating Profit surged by 40.75 per cent to Rs -4.87 crore as against Rs -3.46 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 286.80 per cent in December quarter.


Interest grew by 28.04 per cent y-o-y to Rs 2.74 crore while Taxation increased by 80.00 per cent at Rs -0.18 crore (Dec`17 Rs -0.10 crore).