23 Jul 2019 | 3:36 PM

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COMPANYNEWS
Transwarranty Finance posts Q1 net loss of Rs 0.85 cr
  Transwarranty Finance Ltd. | 23 Jul 2019 | 02:50 PM
Published on 08-10-2017
The company reported standalone net loss during the quarter stood at Rs 0.85 crore as compared to net loss of Rs 0.25 crore in the previous year quarter.


Net revenue of the company rose substantially by 62.40 per cent at Rs 2.03 crore in April-June quarter of this fiscal as against Rs 1.25 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 96.58 per cent to Rs 2.87 crore from Rs 1.46 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Jun'16 Rs 0.00 crore).


Operating Profit surged by 342.11 per cent to Rs -0.84 crore as against Rs -0.19 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 165.91 per cent in June quarter.


Interest declined by 75.00 per cent y-o-y to Rs 0.01 crore