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RMG Alloy Steel posts Q4 net loss of Rs 6.94 cr 15/05/2019 19:20

The company reported standalone net loss during the quarter stood at Rs 6.94 crore as compared to net loss of Rs 8.82 crore in the previous year quarter.

Net revenue of the company declined substantially by 22.06 per cent at Rs 79.00 crore in January-March quarter of this fiscal as against Rs 101.36 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 18.48 per cent to Rs 83.83 crore from Rs 102.83 crore in year ago period.

Other Income dipped by 55.61 per cent at Rs 0.95 crore versus (Mar'18 Rs 2.14 crore).

Operating Profit surged by 228.57 per cent to Rs -4.83 crore as against Rs -1.47 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 321.38 per cent in March quarter.

Interest declined by 89.03 per cent y-o-y to Rs 1.40 crore

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