05 Dec 2019 | 9:15 PM

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COMPANYNEWS
Pilani Investmen posts Q1 net loss of Rs 5.11 cr
  Pilani Investment and Industries Corporation Ltd. | 05 Dec 2019 | 04:01 PM
Published on 08-15-2019
The company reported standalone net loss during the quarter stood at Rs 5.11 crore compared to net profit of Rs 1.93 crore in the previous year quarter. 


Net revenue of the company rose two fold by 240.53 per cent at Rs 6.47 crore in April-June quarter of this fiscal as against Rs 1.90 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 10.39 per cent to Rs 0.85 crore from Rs 0.77 crore in year ago period.


Operating Profit surged by 398.23 per cent to Rs 5.63 crore as against Rs 1.13 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 45.90 per cent in June quarter.


Interest grew by 2650.00 per cent y-o-y to Rs 9.90 crore while Taxation increased by 159.06 per cent at Rs 0.75 crore (Jun`18 Rs -1.27 crore).