20 Jul 2019 | 1:01 AM

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COMPANYNEWS
Pricol L posts Q4 net loss of Rs 222.71 cr
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Published on 06-17-2019
The company reported standalone net loss during the quarter stood at Rs 222.71 crore compared to net profit of Rs 32.66 crore in the previous year quarter. 


Net revenue of the company declined marginally by 1.95 per cent at Rs 316.68 crore in January-March quarter of this fiscal as against Rs 322.97 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 3.38 per cent to Rs 306.46 crore from Rs 317.17 crore in year ago period.


Other Income grew by 732.35 per cent at Rs 4.30 crore versus (Mar`18 Rs -0.68 crore).


Operating Profit slipped by 59.66 per cent to Rs 26.91 crore as against Rs 66.70 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 58.84 per cent in March quarter.


Interest grew by 58.28 per cent y-o-y to Rs 5.16 crore while Taxation decreased by 137.28 per cent at Rs -4.35 crore (Mar`18 Rs 11.67 crore).