Moneycontrol News
Strides Shasun share price dropped 23 percent to close at Rs 387.10 on Friday after it reported consolidated loss from continuing operations at Rs 4.4 crore for the March quarter against profit of Rs 91.6 crore in year-ago.
Revenue from operations fell by 1.9 percent year-on-year to Rs 664.2 crore for the quarter ended March 2018.
Consolidated operating profit (EBITDA - earnings before interest, tax, depreciation and amortisation) plunged 33.2 percent to Rs 86.5 crore and margin contracted 610 basis points to 13 percent compared to same quarter last fiscal.
Other income during the quarter fell sharply to Rs 21.8 crore compared to Rs 62.4 crore in Q4FY17.
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