News Details
Category : Company
Headline : Madhucon Project posts Q1 net loss of Rs 7.88 cr
Date: 16/09/2020 13:00
The company reported standalone net loss during the quarter stood at Rs 7.88 crore as compared to net loss of Rs 3.63 crore in the previous year quarter.

Net revenue of the company declined substantially by 36.06 per cent at Rs 64.39 crore in April-June quarter of this fiscal as against Rs 100.70 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 26.78 per cent to Rs 74.79 crore from Rs 102.14 crore in year ago period.

Other Income grew by 412.00 per cent at Rs 2.56 crore versus (Jun'19 Rs 0.50 crore).

Operating Profit surged by 627.27 per cent to Rs -10.40 crore as against Rs -1.43 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1037.32 per cent in June quarter.

Interest declined by 13.94 per cent y-o-y to Rs 2.16 crore, while Taxation increased by 95.05 per cent at Rs -3.55 crore (Jun'19 Rs -1.82 crore).