Tilaknagar Industrie posts Q3 net loss of Rs 35.77 cr

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The company reported standalone net loss during the quarter stood at Rs 35.77 crore as compared to net loss of Rs 53.00 crore in the previous year quarter. Net revenue of the company rose moderately by 10.31 per cent at Rs 162.31 crore in October-December quarter of this fiscal as against Rs 147.14 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 4.84 per cent to Rs 144.26 crore from Rs 137.60 crore in year ago period. Other Income grew by 285.00 per cent at Rs 2.31 crore versus (Dec'18 Rs 0.60 crore).

Operating Profit surged by 89.20 per cent to Rs 18.05 crore as against Rs 9.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 71.60 per cent in December quarter. Interest declined by 10.92 per cent y-o-y to Rs 48.30 crore