20 Jun 2019 | 3:43 PM

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COMPANYNEWS
United Van Der posts Q4 net loss of Rs 0.79 cr
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Published on 05-22-2019
The company reported standalone net loss during the quarter stood at Rs 0.79 crore compared to net profit of Rs 2.67 crore in the previous year quarter. 


Net revenue of the company declined moderately by 8.05 per cent at Rs 1.60 crore in January-March quarter of this fiscal as against Rs 1.74 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 41.94 per cent to Rs 1.32 crore from Rs 0.93 crore in year ago period.


Operating Profit slipped by 65.43 per cent to Rs 0.28 crore as against Rs 0.81 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 62.70 per cent in March quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.50 crore while Taxation decreased by 90.73 per cent at Rs -0.24 crore (Mar`18 Rs -2.59 crore).