14 Dec 2019 | 6:03 AM

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COMPANYNEWS
Comfort Commotrade L posts Q4 net loss of Rs 0.15 cr
  Comfort Commotrade Ltd. | 13 Dec 2019 | 04:01 PM
Published on 05-18-2019
The company reported standalone net loss during the quarter stood at Rs 0.15 crore as compared to net loss of Rs 2.83 crore in the previous year quarter.


Net revenue of the company declined substantially by 62.49 per cent at Rs 11.52 crore in January-March quarter of this fiscal as against Rs 30.71 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 66.62 per cent to Rs 11.80 crore from Rs 35.35 crore in year ago period.


Other Income grew by 2000.00 per cent at Rs 0.19 crore versus (Mar`18 Rs -0.01 crore).


Operating Profit slipped by 93.38 per cent to Rs -0.28 crore as against Rs -4.23 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 82.12 per cent in March quarter.


Interest grew by 100.00 per cent y-o-y to Rs 0.02 crore while Taxation increased by 102.82 per cent at Rs 0.04 crore (Mar`18 Rs -1.42 crore).