23 Jul 2019 | 3:32 PM

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Optiemus Infracom posts Q4 net loss of Rs 3.45 cr
  Optiemus Infracom Ltd. | 23 Jul 2019 | 02:43 PM
Published on 06-07-2019
The company reported standalone net loss during the quarter stood at Rs 3.45 crore compared to net profit of Rs 18.95 crore in the previous year quarter. 


Net revenue of the company declined substantially by 78.10 per cent at Rs 64.24 crore in January-March quarter of this fiscal as against Rs 293.40 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 60.09 per cent to Rs 103.19 crore from Rs 258.58 crore in year ago period.


Other Income grew by 420.61 per cent at Rs 40.66 crore versus (Mar`18 Rs 7.81 crore).


Operating Profit slipped by 211.86 per cent to Rs -38.95 crore as against Rs 34.82 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 610.78 per cent in March quarter.


Interest declined by 45.17 per cent y-o-y to Rs 5.62 crore while Taxation decreased by 134.88 per cent at Rs -3.45 crore (Mar`18 Rs 9.89 crore).