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Guj. NRE Coke posts Q3 net loss of Rs 98.18 cr
  Gujarat NRE Coke Ltd. | 09 Feb 2018 | 03:41 PM
Published on 02-15-2018
The company reported standalone net loss during the quarter stood at Rs 98.18 crore as compared to net loss of Rs 126.26 crore in the previous year quarter.


Net revenue of the company rose moderately by 17.60 per cent at Rs 198.68 crore in October-December quarter of this fiscal as against Rs 168.95 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 6.22 per cent to Rs 195.66 crore from Rs 184.21 crore in year ago period.


Other Income dipped by 97.30 per cent at Rs 0.01 crore versus (Dec'16 Rs 0.37 crore).


Operating Profit surged by 119.79 per cent to Rs 3.02 crore as against Rs -15.26 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 116.83 per cent in December quarter.


Interest declined by 9.45 per cent y-o-y to Rs 87.02 crore