Detailed News Nov-16-2018 09:35
Dion Global Solution posts Q2 net loss of Rs 23.97 cr
The company reported standalone net loss during the quarter stood at Rs 23.97 crore as compared to net loss of Rs 4.88 crore in the previous year quarter. Net revenue of the company declined moderately by 6.90 per cent at Rs 5.53 crore in July-September quarter of this fiscal as against Rs 5.94 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 57.01 per cent to Rs 8.98 crore from Rs 20.89 crore in year ago period. Other Income dipped by 81.69 per cent at Rs 3.20 crore versus (Sep'17 Rs 17.48 crore). Operating Profit slipped by 76.92 per cent to Rs -3.45 crore as against Rs -14.95 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 75.16 per cent in September quarter. Interest grew by 233.24 per cent y-o-y to Rs 23.56 crore