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( 12 Nov 2022)
A2Z Infra Engineer posts Q2 net loss of Rs 4.80 cr

The company reported standalone net loss during the quarter stood at Rs 4.80 crore as compared to net loss of Rs 159.61 crore in the previous year quarter.

Net revenue of the company declined substantially by 53.00 per cent at Rs 20.66 crore in July-September quarter of this fiscal as against Rs 43.96 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 44.35 per cent to Rs 24.84 crore from Rs 44.64 crore in year ago period.

Other Income dipped by 24.03 per cent at Rs 2.34 crore versus (Sep'21 Rs 3.08 crore).

Operating Profit surged by 514.71 per cent to Rs -4.18 crore as against Rs -0.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1197.44 per cent in September quarter.

Interest declined by 63.98 per cent y-o-y to Rs 1.74 crore