29 Nov 2020 | 9:36 AM

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Indosolar posts Q3 net profit of Rs 92.05 cr
  Indosolar Ltd. | 17 Jan 2020 | 10:42 AM
Published on 01-30-2018
The company reported standalone net profit during the quarter stood at Rs 92.05 crore compared to net loss of Rs 19.11 crore in the previous year quarter.


Net revenue of the company declined substantially by 59.18 per cent at Rs 52.24 crore in October-December quarter of this fiscal as against Rs 127.99 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 32.57 per cent to Rs 68.01 crore from Rs 100.86 crore in year ago period.


Other Income grew by 743.75 per cent at Rs 2.70 crore versus (Dec'16 Rs 0.32 crore).


Operating Profit slipped by 158.05 per cent to Rs -15.76 crore as against Rs 27.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 242.29 per cent in December quarter.


Interest declined by 149.37 per cent y-o-y to Rs -19.12 crore