24 Jul 2019 | 10:56 AM

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COMPANYNEWS
Technofab Engineerin posts Q4 net loss of Rs 35.08 cr
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Published on 06-25-2019
The company reported standalone net loss during the quarter stood at Rs 35.08 crore compared to net profit of Rs 6.30 crore in the previous year quarter. 


Net revenue of the company declined substantially by 57.04 per cent at Rs 71.69 crore in January-March quarter of this fiscal as against Rs 166.86 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 23.44 per cent to Rs 114.42 crore from Rs 149.45 crore in year ago period.


Other Income dipped by 175.26 per cent at Rs -1.46 crore versus (Mar`18 Rs 1.94 crore).


Operating Profit slipped by 345.24 per cent to Rs -42.72 crore as against Rs 17.42 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 670.79 per cent in March quarter.


Interest declined by 8.86 per cent y-o-y to Rs 8.02 crore while Taxation decreased by 657.80 per cent at Rs -18.24 crore (Mar`18 Rs 3.27 crore).