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Category :
Company
Headline :
McNally Bharat E posts Q4 net loss of Rs 430.93 cr
Date:
27/05/2023 07:00
The company reported standalone net loss during the quarter stood at Rs 430.93 crore as compared to net loss of Rs 63.56 crore in the previous year quarter.
Net revenue of the company rose moderately by 18.98 per cent at Rs 64.20 crore in January-March quarter of this fiscal as against Rs 53.96 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 14.52 per cent to Rs 142.91 crore from Rs 124.79 crore in year ago period.
Other Income dipped by 93.53 per cent at Rs 1.41 crore versus (Mar'22 Rs 21.78 crore).
Operating Profit surged by 11.13 per cent to Rs -78.71 crore as against Rs -70.83 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.60 per cent in March quarter.
Interest grew by 1217.77 per cent y-o-y to Rs 172.76 crore
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