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Published on 17/05/2018 5:51:35 PM | Source: Dion Global Solutions Ltd

Jindal Poly Films posts Q4 net loss of Rs 71.27 cr

The company reported standalone net loss during the quarter stood at Rs 71.27 crore compared to net profit of Rs 3.49 crore in the previous year quarter.  Net revenue of the company rose moderately by 13.02 per cent at Rs 780.34 crore in January-March quarter of this fiscal as against Rs 690.47 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 3.67 per cent to Rs 691.19 crore from Rs 666.72 crore in year ago period. Other Income grew by 174.89 per cent at Rs 24.08 crore versus (Mar'17 Rs 8.76 crore). Operating Profit surged by 275.37 per cent to Rs 89.15 crore as against Rs 23.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 231.98 per cent in March quarter. Interest grew by 77.70 per cent y-o-y to Rs 12.83 crore, while Taxation decreased by 264.09 per cent at Rs -26.55 crore (Mar'17 Rs 16.18 crore).