18 Feb 2019 | 2:41 AM

News

COMPANYNEWS
WEP Solutions posts Q3 net loss of Rs 0.31 cr
  WEP Solutions Ltd. | 15 Feb 2019 | 02:03 PM
Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 0.31 crore compared to net profit of Rs 0.25 crore in the previous year quarter. 


Net revenue of the company declined moderately by 7.62 per cent at Rs 18.80 crore in October-December quarter of this fiscal as against Rs 20.35 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 6.32 per cent to Rs 16.44 crore from Rs 17.55 crore in year ago period.


Other Income dipped by 31.82 per cent at Rs 0.15 crore versus (Dec`17 Rs 0.22 crore).


Operating Profit slipped by 14.64 per cent to Rs 2.39 crore as against Rs 2.80 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.91 per cent in December quarter.


Interest declined by 10.34 per cent y-o-y to Rs 0.26 crore while Taxation decreased by 176.92 per cent at Rs -0.10 crore (Dec`17 Rs 0.13 crore).