08 Dec 2019 | 11:48 AM

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Diamond Power Infras posts Q3 net loss of Rs 29.70 cr
  Diamond Power Infrastructure Ltd. | 06 Dec 2019 | 03:41 PM
Published on 02-14-2018
The company reported standalone net loss during the quarter stood at Rs 29.70 crore as compared to net loss of Rs 189.89 crore in the previous year quarter.


Net revenue of the company declined substantially by 57.85 per cent at Rs 105.03 crore in October-December quarter of this fiscal as against Rs 249.19 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 75.42 per cent to Rs 117.30 crore from Rs 477.31 crore in year ago period.


Other Income grew by 3371.43 per cent at Rs 7.29 crore versus (Dec'16 Rs 0.21 crore).


Operating Profit slipped by 94.60 per cent to Rs -12.27 crore as against Rs -227.29 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 87.19 per cent in December quarter.


Interest declined by 97.54 per cent y-o-y to Rs 0.82 crore