17 Jan 2021 | 10:14 PM

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COMPANYNEWS
Setubandhan Infra posts Q1 net loss of Rs 9.75 cr
  Setubandhan Infrastructure Ltd. | 17 Jan 2020 | 10:38 AM
Published on 08-15-2019
The company reported standalone net loss during the quarter stood at Rs 9.75 crore compared to net profit of Rs 1.03 crore in the previous year quarter. 


Net revenue of the company declined substantially by 41.35 per cent at Rs 26.28 crore in April-June quarter of this fiscal as against Rs 44.81 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 14.14 per cent to Rs 33.77 crore from Rs 39.33 crore in year ago period.


Other Income dipped by 58.62 per cent at Rs 0.12 crore versus (Jun`18 Rs 0.29 crore).


Operating Profit slipped by 236.43 per cent to Rs -7.49 crore as against Rs 5.49 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 332.73 per cent in June quarter.


Interest declined by 47.00 per cent y-o-y to Rs 2.03 crore