News Details
Category : Company
Headline : MSTC posts Q4 net loss of Rs 3.96 cr
Date: 30/06/2020 09:50
The company reported standalone net loss during the quarter stood at Rs 3.96 crore compared to net profit of Rs 23.61 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 90.55 per cent at Rs 69.40 crore in January-March quarter of this fiscal as against Rs 734.44 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 86.71 per cent to Rs 97.08 crore from Rs 730.64 crore in year ago period.

Other Income grew by 348.88 per cent at Rs 40.04 crore versus (Mar'19 Rs 8.92 crore).

Operating Profit slipped by 828.42 per cent to Rs -27.68 crore as against Rs 3.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7769.23 per cent in March quarter.

Interest declined by 36.94 per cent y-o-y to Rs 5.07 crore, while Taxation increased by 153.76 per cent at Rs 10.36 crore (Mar'19 Rs -19.27 crore).