Detailed News Feb-13-2019 10:00
Dion Global Solution posts Q3 net loss of Rs 24.71 cr
The company reported standalone net loss during the quarter stood at Rs 24.71 crore as compared to net loss of Rs 7.34 crore in the previous year quarter. Net revenue of the company declined substantially by 22.28 per cent at Rs 4.57 crore in October-December quarter of this fiscal as against Rs 5.88 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 130.14 per cent to Rs 9.85 crore from Rs 4.28 crore in year ago period. Other Income grew by 379.17 per cent at Rs 1.15 crore versus (Dec'17 Rs 0.24 crore). Operating Profit slipped by 430.00 per cent to Rs -5.28 crore as against Rs 1.60 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 524.19 per cent in December quarter. Interest grew by 130.70 per cent y-o-y to Rs 20.44 crore