29 Nov 2020 | 11:02 AM

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Infronics Systems posts Q4 net loss of Rs 3.92 cr
  Infronics Systems Ltd. | 25 Oct 2019 | 03:41 PM
Published on 05-30-2018
The company reported standalone net loss during the quarter stood at Rs 3.92 crore as compared to net loss of Rs 0.37 crore in the previous year quarter.


Net revenue of the company declined substantially by 50.14 per cent at Rs 1.75 crore in January-March quarter of this fiscal as against Rs 3.51 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 2.95 per cent to Rs 2.63 crore from Rs 2.71 crore in year ago period.


Operating Profit slipped by 210.00 per cent to Rs -0.88 crore as against Rs 0.80 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 319.93 per cent in March quarter.


Taxation increased by 267.90 per cent at Rs 2.98 crore (Mar'17 Rs 0.81 crore).