14 Dec 2019 | 6:03 AM

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Diamond Power Infras posts Q2 net loss of Rs 30.90 cr
  Diamond Power Infrastructure Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-28-2017
The company reported standalone net loss during the quarter stood at Rs 30.90 crore as compared to net loss of Rs 203.59 crore in the previous year quarter.


Net revenue of the company declined substantially by 42.85 per cent at Rs 193.70 crore in July-September quarter of this fiscal as against Rs 338.93 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 57.14 per cent to Rs 201.32 crore from Rs 469.77 crore in year ago period.


Other Income dipped by 80.61 per cent at Rs 1.59 crore versus (Sep'16 Rs 8.20 crore).


Operating Profit slipped by 94.00 per cent to Rs -7.61 crore as against Rs -126.91 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 89.50 per cent in September quarter.


Interest declined by 98.42 per cent y-o-y to Rs 0.98 crore