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Strides Shasun has reported consolidated loss from operating operations at Rs.4.4 crore, for the quarter ended March 31,2018.
Last year in the same quarter it had reported a profit of Rs.91.6 crore. Revenue from operations fell by 1.9% year-on-year to Rs.664.2 crore, for the quarter ended March 2018.
Consolidated operating profit plunged 33.2% to Rs.86.5 crore and margin contracted 610 basis points to 13% compared to same quarter year ago. Further, other income during the quarter fell sharply to Rs.21.8 crore, as against Rs.62.4 crore in the same quarter year ago.
