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Category :
Company News
Headline :
MV Cotspin posts Q4 net loss of Rs 0.54 cr
Date:
30/05/2024 16:20
The company reported standalone net loss during the quarter stood at Rs 0.54 crore as compared to net loss of Rs 0.11 crore in the previous year quarter.
Net revenue of the company declined substantially by 52.33 per cent at Rs 1.23 crore in January-March quarter of this fiscal as against Rs 2.58 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 42.05 per cent to Rs 1.64 crore from Rs 2.83 crore in year ago period.
Other Income dipped by 84.62 per cent at Rs 0.04 crore versus (Mar'23 Rs 0.26 crore).
Operating Profit surged by 64.00 per cent to Rs -0.41 crore as against Rs -0.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 237.72 per cent in March quarter.
Interest declined by 25.00 per cent y-o-y to Rs 0.06 crore, while Taxation increased by 0.00 per cent at Rs 0.09 crore (Mar'23 Rs 0.00 crore).
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