14 Dec 2019 | 7:21 PM

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Diamond Power Infras posts Q1 net loss of Rs 44.70 cr
  Diamond Power Infrastructure Ltd. | 13 Dec 2019 | 04:01 PM
Published on 08-10-2017
The company reported standalone net loss during the quarter stood at Rs 44.70 crore as compared to net loss of Rs 208.61 crore in the previous year quarter.


Net revenue of the company declined substantially by 41.40 per cent at Rs 200.78 crore in April-June quarter of this fiscal as against Rs 342.60 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 53.15 per cent to Rs 221.23 crore from Rs 472.19 crore in year ago period.


Other Income grew by 7.34 per cent at Rs 1.17 crore versus (Jun'16 Rs 1.09 crore).


Operating Profit slipped by 83.73 per cent to Rs -20.44 crore as against Rs -125.61 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 72.23 per cent in June quarter.


Interest declined by 97.66 per cent y-o-y to Rs 1.53 crore