Castex Technologies posts Q3 net loss of Rs 126.37 cr
The company reported standalone net loss during the quarter stood at Rs 126.37 crore as compared to net loss of Rs 137.87 crore in the previous year quarter. Net revenue of the company declined substantially by 35.47 per cent at Rs 69.79 crore in October-December quarter of this fiscal as against Rs 108.15 crore in the corresponding period last year.
During October-December quarter, operating expenses dropped by 36.04 per cent to Rs 70.91 crore from Rs 110.87 crore in year ago period. Other Income grew by 333.33 per cent at Rs 0.13 crore versus (Dec'18 Rs 0.03 crore).
Operating Profit slipped by 58.82 per cent to Rs -1.12 crore as against Rs -2.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.51 per cent in December quarter. Interest declined by 7.60 per cent y-o-y to Rs 1.58 crore