Kwality posts Q3 net loss of Rs 1500.38 cr

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The company reported a standalone net loss during the quarter stood at Rs 1500.38 crore compared to net profit of Rs 20.94 crore in the previous year quarter.



Net revenue of the company declined substantially by 79.59 percent at Rs 361.98 crore in the October-December quarter of this fiscal as against Rs 1,773.27 crore in the corresponding period last year.

During the October-December quarter, operating expenses increased by 7.35 percent to Rs 1,766.88 crore from Rs 1,645.83 crore in the year-ago period. Other Income grew by 134.78 percent at Rs 0.54 crore versus (Dec'17 Rs 0.23 crore). Operating Profit slipped by 1202.40 percent to Rs -1,404.90 crores as against Rs 127.44 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5498.05 percent in December quarter. Interest grew by 10.02 percent y-oy to Rs 61.83 crore.

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