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News Details

PremierLtd. posts Q3 net loss of Rs 23.46 cr

Back
14/02/2021 10:30
The company reported standalone net loss during the quarter stood at Rs 23.46 crore as compared to net loss of Rs 55.07 crore in the previous year quarter.

Net revenue of the company declined substantially by 71.91 per cent at Rs 2.00 crore in October-December quarter of this fiscal as against Rs 7.12 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 81.08 per cent to Rs 8.23 crore from Rs 43.50 crore in year ago period.

Other Income dipped by 44.44 per cent at Rs 0.10 crore versus (Dec'19 Rs 0.18 crore).

Operating Profit slipped by 82.88 per cent to Rs -6.23 crore as against Rs -36.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 39.04 per cent in December quarter.

Interest declined by 6.36 per cent y-o-y to Rs 12.96 crore