18 Feb 2019 | 2:25 AM


Oswal Overseas L posts Q3 net loss of Rs 4.59 cr
Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 4.59 crore as compared to net loss of Rs 6.88 crore in the previous year quarter.

Net revenue of the company declined substantially by 42.83 per cent at Rs 21.24 crore in October-December quarter of this fiscal as against Rs 37.15 crore in the corresponding period last year.

During October-December quarter operating expenses dropped by 41.55 per cent to Rs 25.22 crore from Rs 43.15 crore in year ago period.

Other Income grew by 2900.00 per cent at Rs 0.60 crore versus (Dec`17 Rs 0.02 crore).

Operating Profit slipped by 33.78 per cent to Rs -3.98 crore as against Rs -6.01 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 16.08 per cent in December quarter.

Interest declined by 2.99 per cent y-o-y to Rs 0.65 crore