03 Dec 2020 | 4:55 PM

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COMPANYNEWS
Indosolar posts Q4 net loss of Rs 187.26 cr
  Indosolar Ltd. | 17 Jan 2020 | 10:42 AM
Published on 05-25-2018
The company reported standalone net loss during the quarter stood at Rs 187.26 crore compared to net profit of Rs 32.41 crore in the previous year quarter. 


Net revenue of the company declined substantially by 52.62 per cent at Rs 53.58 crore in January-March quarter of this fiscal as against Rs 113.09 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 25.64 per cent to Rs 62.34 crore from Rs 83.84 crore in year ago period.


Other Income dipped by 91.67 per cent at Rs 0.18 crore versus (Mar'17 Rs 2.16 crore).


Operating Profit slipped by 129.98 per cent to Rs -8.77 crore as against Rs 29.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 163.30 per cent in March quarter.


Interest grew by 286.41 per cent y-o-y to Rs 14.95 crore while Taxation increased by 0.00 per cent at Rs 0.02 crore (Mar'17 Rs 0.00 crore).