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HomeNewsBusinessEarningsOrient Green Power Q3 loss widens to Rs 65.74 crore

Orient Green Power Q3 loss widens to Rs 65.74 crore

The company's net loss was Rs 51.07 crore in the third quarter of 2017-18, it said in a BSE filing.

January 24, 2019 / 17:00 IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
     
     
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    Orient Green Power on Thursday reported widening of its consolidated net loss by over 28 per cent to Rs 65.74 crore in the December 2018 quarter.

    The company's net loss was Rs 51.07 crore in the third quarter of 2017-18, it said in a BSE filing.

    Total income came down to Rs 33.62 crore from Rs 58.25 crore a year ago.

    For the nine-month period ending December, consolidated net loss came in at Rs 33.23 crore as against a net profit of Rs 1.51 crore in April-December 2017.

    During the first nine months of this fiscal, total income fell to Rs 282.79 crore from Rs 354.45 crore in corresponding period a year earlier.

    PTI
    first published: Jan 24, 2019 04:25 pm

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