News Details
Category : Company
Headline : GE T&D India posts Q4 net loss of Rs 187.13 cr
Date: 30/06/2020 09:30
The company reported standalone net loss during the quarter stood at Rs 187.13 crore compared to net profit of Rs 26.09 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 25.82 per cent at Rs 664.17 crore in January-March quarter of this fiscal as against Rs 895.29 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 9.97 per cent to Rs 899.91 crore from Rs 818.29 crore in year ago period.

Other Income grew by 511.41 per cent at Rs 34.30 crore versus (Mar'19 Rs 5.61 crore).

Operating Profit slipped by 406.16 per cent to Rs -235.74 crore as against Rs 77.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 512.67 per cent in March quarter.

Interest declined by 30.33 per cent y-o-y to Rs 15.76 crore, while Taxation decreased by 437.95 per cent at Rs -47.55 crore (Mar'19 Rs 14.07 crore).