16 Jul 2019 | 4:41 PM

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PremierLtd. posts Q4 net loss of Rs 64.55 cr
  Premier Ltd. | 15 Jul 2019 | 03:41 PM
Published on 06-24-2019
The company reported standalone net loss during the quarter stood at Rs 64.55 crore as compared to net loss of Rs 32.77 crore in the previous year quarter.


Net revenue of the company declined substantially by 59.34 per cent at Rs 3.31 crore in January-March quarter of this fiscal as against Rs 8.14 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 38.58 per cent to Rs 15.38 crore from Rs 25.04 crore in year ago period.


Operating Profit slipped by 28.58 per cent to Rs -12.07 crore as against Rs -16.90 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 75.63 per cent in March quarter.


Interest declined by 6.27 per cent y-o-y to Rs 15.99 crore