25 Jun 2019 | 10:24 PM

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COMPANYNEWS
Mukand Engineers posts Q4 net loss of Rs 6.89 cr
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Published on 05-20-2019
The company reported standalone net loss during the quarter stood at Rs 6.89 crore compared to net profit of Rs 2.21 crore in the previous year quarter. 


Net revenue of the company declined substantially by 29.12 per cent at Rs 16.33 crore in January-March quarter of this fiscal as against Rs 23.04 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 9.91 per cent to Rs 21.41 crore from Rs 19.48 crore in year ago period.


Other Income grew by 193.94 per cent at Rs 0.97 crore versus (Mar`18 Rs 0.33 crore).


Operating Profit slipped by 242.70 per cent to Rs -5.08 crore as against Rs 3.56 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 301.36 per cent in March quarter.


Interest grew by 12.39 per cent y-o-y to Rs 2.63 crore while Taxation decreased by 91.49 per cent at Rs -0.08 crore (Mar`18 Rs -0.94 crore).