11 Aug 2020 | 9:41 PM

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COMPANYNEWS
Subex posts Q1 net loss of Rs 5.12 cr
  Subex Ltd. | 17 Jan 2020 | 10:50 AM
Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 5.12 crore as compared to net loss of Rs 9.73 crore in the previous year quarter.


Net revenue of the company declined substantially by 21.67 per cent at Rs 5.06 crore in April-June quarter of this fiscal as against Rs 6.46 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 41.90 per cent to Rs 8.50 crore from Rs 14.63 crore in year ago period.


Other Income grew by 900.00 per cent at Rs 0.10 crore versus (Jun`18 Rs 0.01 crore).


Operating Profit slipped by 57.89 per cent to Rs -3.44 crore as against Rs -8.17 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 46.25 per cent in June quarter.


Interest grew by 700.00 per cent y-o-y to Rs 0.08 crore