Tilaknagar Industrie posts Q3 net loss of Rs 53.00 cr

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The company reported standalone net loss during the quarter stood at Rs 53.00 crore as compared to net loss of Rs 30.96 crore in the previous year quarter. Net revenue of the company rose triple digit by 126.89 per cent at Rs 147.14 crore in October-December quarter of this fiscal as against Rs 64.85 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 156.96 per cent to Rs 137.60 crore from Rs 53.55 crore in year ago period. Other Income dipped by 62.50 per cent at Rs 0.60 crore versus (Dec'17 Rs 1.60 crore). Operating Profit slipped by 15.65 per cent to Rs 9.54 crore as against Rs 11.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 62.84 per cent in December quarter. Interest grew by 55.18 per cent y-o-y to Rs 54.22 crore