16 Jan 2021 | 10:49 PM

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Splendid Metal Produ posts Q4 net loss of Rs 246.64 cr
  Splendid Metal Products Ltd. | 15 Jan 2020 | 04:01 PM
Published on 06-17-2019
The company reported standalone net loss during the quarter stood at Rs 246.64 crore as compared to net loss of Rs 298.18 crore in the previous year quarter.


Net revenue of the company declined substantially by 55.64 per cent at Rs 95.74 crore in January-March quarter of this fiscal as against Rs 215.84 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 43.48 per cent to Rs 416.04 crore from Rs 736.05 crore in year ago period.


Other Income dipped by 119.23 per cent at Rs -0.20 crore versus (Mar`18 Rs 1.04 crore).


Operating Profit slipped by 38.44 per cent to Rs -320.30 crore as against Rs -520.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 38.79 per cent in March quarter.


Interest grew by 100.34 per cent y-o-y to Rs 0.45 crore while Taxation decreased by 15.32 per cent at Rs -82.11 crore (Mar`18 Rs -96.96 crore).