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Category :
Company News
Headline :
GTL Infrastructure posts Q3 net loss of Rs 194.61 cr
Date:
08/02/2024 15:51
The company reported standalone net loss during the quarter stood at Rs 194.61 crore as compared to net loss of Rs 463.61 crore in the previous year quarter.
Net revenue of the company declined moderately by 6.20 per cent at Rs 337.53 crore in October-December quarter of this fiscal as against Rs 359.83 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 47.97 per cent to Rs 262.87 crore from Rs 505.18 crore in year ago period.
Other Income dipped by 2.55 per cent at Rs 4.20 crore versus (Dec'22 Rs 4.31 crore).
Operating Profit surged by 151.37 per cent to Rs 74.66 crore as against Rs -145.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 154.77 per cent in December quarter.
Interest declined by 0.97 per cent y-o-y to Rs 193.49 crore
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