18 Feb 2019 | 2:25 AM


Zicom Electronic posts Q3 net loss of Rs 6.80 cr
Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 6.80 crore as compared to net loss of Rs 83.83 crore in the previous year quarter.

Net revenue of the company declined substantially by 68.57 per cent at Rs 1.32 crore in October-December quarter of this fiscal as against Rs 4.20 crore in the corresponding period last year.

During October-December quarter operating expenses dropped by 86.43 per cent to Rs 10.02 crore from Rs 73.82 crore in year ago period.

Other Income dipped by 33.33 per cent at Rs 0.02 crore versus (Dec`17 Rs 0.03 crore).

Operating Profit slipped by 87.50 per cent to Rs -8.70 crore as against Rs -69.62 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 60.12 per cent in December quarter.

Interest declined by 96.02 per cent y-o-y to Rs 0.47 crore while Taxation decreased by 224.75 per cent at Rs -2.47 crore (Dec`17 Rs 1.98 crore).