05 Jul 2020 | 10:29 PM

News

COMPANYNEWS
GBL Industries posts Q4 net loss of Rs 0.49 cr
  GBL Industries Ltd. | 17 Jan 2020 | 10:49 AM
Published on 05-30-2019
The company reported standalone net loss during the quarter stood at Rs 0.49 crore compared to net profit of Rs 0.01 crore in the previous year quarter. 


Net revenue of the company declined substantially by 64.52 per cent at Rs 3.03 crore in January-March quarter of this fiscal as against Rs 8.54 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 59.19 per cent to Rs 3.44 crore from Rs 8.43 crore in year ago period.


Other Income dipped by 383.33 per cent at Rs -0.17 crore versus (Mar`18 Rs 0.06 crore).


Operating Profit slipped by 472.73 per cent to Rs -0.41 crore as against Rs 0.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1185.60 per cent in March quarter.


Taxation decreased by 600.00 per cent at Rs -0.10 crore (Mar`18 Rs 0.02 crore).