01 Oct 2020 | 7:37 AM

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IVRCL posts Q1 net loss of Rs 379.98 cr
  IVRCL Ltd. | 30 Aug 2019 | 03:41 PM
Published on 08-27-2019
The company reported standalone net loss during the quarter stood at Rs 379.98 crore as compared to net loss of Rs 344.38 crore in the previous year quarter.


Net revenue of the company declined substantially by 42.58 per cent at Rs 116.61 crore in April-June quarter of this fiscal as against Rs 203.09 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 46.36 per cent to Rs 136.06 crore from Rs 253.64 crore in year ago period.


Other Income dipped by 39.10 per cent at Rs 1.62 crore versus (Jun`18 Rs 2.66 crore).


Operating Profit slipped by 61.52 per cent to Rs -19.45 crore as against Rs -50.55 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 32.99 per cent in June quarter.


Interest grew by 15.12 per cent y-o-y to Rs 324.97 crore while Taxation increased by 0.00 per cent at Rs 0.37 crore (Jun`18 Rs 0.37 crore).