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( 02 Feb 2019)
Acme Resources posts Q3 net loss of Rs 9.20 cr

The company reported standalone net loss during the quarter stood at Rs 9.20 crore compared to net profit of Rs 0.29 crore in the previous year quarter.ÿ

Net revenue of the company rose substantially by 90.73 per cent at Rs 2.88 crore in October-December quarter of this fiscal as against Rs 1.51 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 514.67 per cent to Rs 11.31 crore from Rs 1.84 crore in year ago period.

Other Income dipped by 95.71 per cent at Rs 0.07 crore versus (Dec'17 Rs 1.63 crore).

Operating Profit surged by 2382.35 per cent to Rs -8.44 crore as against Rs -0.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1212.75 per cent in December quarter.

Interest declined by 40.58 per cent y-o-y to Rs 0.82 crore, while Taxation increased by 102.56 per cent at Rs 0.01 crore (Dec'17 Rs -0.39 crore).