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11/09/2020 18:20

India Tourism De posts Q1 net loss of Rs 14.08 cr

The company reported standalone net loss during the quarter stood at Rs 14.08 crore compared to net profit of Rs 1.02 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 52.84 per cent at Rs 28.68 crore in April-June quarter of this fiscal as against Rs 60.82 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 30.61 per cent to Rs 42.65 crore from Rs 61.46 crore in year ago period.

Other Income dipped by 37.02 per cent at Rs 3.30 crore versus (Jun'19 Rs 5.24 crore).

Operating Profit surged by 2049.23 per cent to Rs -13.97 crore as against Rs -0.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4496.23 per cent in June quarter.

Interest declined by 51.02 per cent y-o-y to Rs 0.24 crore, while Taxation decreased by 124.37 per cent at Rs -0.48 crore (Jun'19 Rs 1.97 crore).