25 Jun 2019 | 10:21 PM


Precot Meridian posts Q4 net loss of Rs 9.10 cr
Published on 05-23-2019
The company reported standalone net loss during the quarter stood at Rs 9.10 crore as compared to net loss of Rs 8.02 crore in the previous year quarter.

Net revenue of the company declined by 0.89 per cent at Rs 180.42 crore in January-March quarter of this fiscal as against Rs 182.04 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 0.04 per cent to Rs 182.60 crore from Rs 182.53 crore in year ago period.

Other Income grew by 41.21 per cent at Rs 2.81 crore versus (Mar`18 Rs 1.99 crore).

Operating Profit surged by 0.63 per cent to Rs 6.42 crore as against Rs 6.38 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.71 per cent in March quarter.

Interest grew by 21.55 per cent y-o-y to Rs 10.38 crore