15 Dec 2019 | 4:57 PM

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COMPANYNEWS
Swan Energy posts Q4 net loss of Rs 32.91 cr
  Swan Energy Ltd. | 13 Dec 2019 | 04:01 PM
Published on 05-31-2019
The company reported standalone net loss during the quarter stood at Rs 32.91 crore compared to net profit of Rs 68.08 crore in the previous year quarter. 


Net revenue of the company declined moderately by 14.06 per cent at Rs 87.63 crore in January-March quarter of this fiscal as against Rs 101.97 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 20.73 per cent to Rs 86.29 crore from Rs 108.85 crore in year ago period.


Other Income dipped by 94.85 per cent at Rs 5.22 crore versus (Mar`18 Rs 101.42 crore).


Operating Profit surged by 119.48 per cent to Rs 1.34 crore as against Rs -6.88 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 122.67 per cent in March quarter.


Interest declined by 23.52 per cent y-o-y to Rs 4.91 crore while Taxation increased by 77.88 per cent at Rs 33.21 crore (Mar`18 Rs 18.67 crore).