News Details
Category : Company
Headline : Panacea Biotec L posts Q4 net loss of Rs 32.48 cr
Date: 30/06/2020 10:30
The company reported standalone net loss during the quarter stood at Rs 32.48 crore compared to net profit of Rs 183.90 crore in the previous year quarter.ΓΏ

Net revenue of the company rose substantially by 94.02 per cent at Rs 56.77 crore in January-March quarter of this fiscal as against Rs 29.26 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 41.08 per cent to Rs 82.84 crore from Rs 140.60 crore in year ago period.

Other Income grew by 2360.18 per cent at Rs 27.80 crore versus (Mar'19 Rs 1.13 crore).

Operating Profit slipped by 76.59 per cent to Rs -26.07 crore as against Rs -111.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 87.93 per cent in March quarter.

Interest declined by 92.43 per cent y-o-y to Rs 1.78 crore, while Taxation increased by 273.76 per cent at Rs 9.83 crore (Mar'19 Rs 2.63 crore).