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( 07 Feb 2020)
Walchandnagar posts Q3 net loss of Rs 23.91 cr

The company reported standalone net loss during the quarter stood at Rs 23.91 crore compared to net profit of Rs 1.96 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 21.48 per cent at Rs 74.66 crore in October-December quarter of this fiscal as against Rs 95.08 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 5.09 per cent to Rs 66.53 crore from Rs 70.10 crore in year ago period.

Other Income grew by 40.06 per cent at Rs 5.00 crore versus (Dec'18 Rs 3.57 crore).

Operating Profit slipped by 67.45 per cent to Rs 8.13 crore as against Rs 24.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 58.55 per cent in December quarter.

Interest grew by 8.83 per cent y-o-y to Rs 21.44 crore