24 Jul 2019 | 10:58 AM

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VXL Instrument posts Q4 net loss of Rs 11.50 cr
  VXL Instruments Ltd. | 23 Jul 2019 | 04:01 PM
Published on 06-01-2019
The company reported standalone net loss during the quarter stood at Rs 11.50 crore compared to net profit of Rs 1.65 crore in the previous year quarter. 


Net revenue of the company declined substantially by 78.83 per cent at Rs 3.18 crore in January-March quarter of this fiscal as against Rs 15.02 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 66.34 per cent to Rs 4.47 crore from Rs 13.28 crore in year ago period.


Other Income grew by 30.00 per cent at Rs 0.13 crore versus (Mar`18 Rs 0.10 crore).


Operating Profit slipped by 174.14 per cent to Rs -1.29 crore as against Rs 1.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 448.97 per cent in March quarter.


Interest grew by 61.54 per cent y-o-y to Rs 0.21 crore while Taxation increased by 0.00 per cent at Rs -0.82 crore (Mar`18 Rs 0.00 crore).