14 Dec 2019 | 10:16 PM

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COMPANYNEWS
MFL India posts Q3 net loss of Rs 27.25 cr
  MFL India Ltd. | 13 Dec 2019 | 04:01 PM
Published on 02-14-2018
The company reported standalone net loss during the quarter stood at Rs 27.25 crore compared to net profit of Rs 0.03 crore in the previous year quarter. 


Net revenue of the company declined substantially by 80.36 per cent at Rs 4.80 crore in October-December quarter of this fiscal as against Rs 24.44 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 39.39 per cent to Rs 26.68 crore from Rs 19.14 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.05 crore versus (Dec'16 Rs 0.00 crore).


Operating Profit slipped by 512.83 per cent to Rs -21.88 crore as against Rs 5.30 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 2201.66 per cent in December quarter.


Interest grew by 8.47 per cent y-o-y to Rs 2.05 crore while Taxation increased by 1300.00 per cent at Rs 0.14 crore (Dec'16 Rs 0.01 crore).