20 Jul 2019 | 1:02 AM

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COMPANYNEWS
Reliance Infrastruct posts Q4 net loss of Rs 1664.25 cr
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Published on 06-17-2019
The company reported standalone net loss during the quarter stood at Rs 1664.25 crore compared to net profit of Rs 332.23 crore in the previous year quarter. 


Net revenue of the company declined substantially by 83.82 per cent at Rs 327.96 crore in January-March quarter of this fiscal as against Rs 2026.52 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 79.97 per cent to Rs 297.87 crore from Rs 1487.06 crore in year ago period.


Other Income dipped by 23.36 per cent at Rs 473.79 crore versus (Mar`18 Rs 618.24 crore).


Operating Profit slipped by 94.62 per cent to Rs 30.09 crore as against Rs 559.70 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 66.80 per cent in March quarter.


Interest declined by 74.42 per cent y-o-y to Rs 181.01 crore while Taxation decreased by 148.36 per cent at Rs -14.11 crore (Mar`18 Rs 29.18 crore).