20 Jun 2019 | 1:13 AM


Sumedha Fiscal posts Q4 net loss of Rs 1.08 cr
  Sumedha Fiscal Services Ltd. | 19 Jun 2019 | 03:41 PM
Published on 05-21-2018
The company reported standalone net loss during the quarter stood at Rs 1.08 crore compared to net profit of Rs 1.38 crore in the previous year quarter. 

Net revenue of the company declined marginally by 3.46 per cent at Rs 6.13 crore in January-March quarter of this fiscal as against Rs 6.35 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 24.32 per cent to Rs 6.44 crore from Rs 5.18 crore in year ago period.

Operating Profit slipped by 181.20 per cent to Rs -0.95 crore as against Rs 1.17 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 183.79 per cent in March quarter.

Interest grew by 100.00 per cent y-o-y to Rs 0.04 crore while Taxation decreased by 106.58 per cent at Rs -0.05 crore (Mar'17 Rs 0.76 crore).