Modern India said its net loss for the quarter ended June 2016 has narrowed to Rs 16.44. During the quarter, the in the same quarter last year.
Revenues for the quarter for the quarter rose 2.88 times to Rs 133.10 million, compared with Rs 46.25 million for the prior year period.
Operating margin for the quarter stood at negative 110.77 percent as compared to a negative 431.50 percent for the previous year period. Operating loss for the quarter was Rs 147.43 million, compared with an operating loss of Rs 199.57 million in the previous year period.
Earnings per share stood negative at Rs 0.44 compared with negative Rs 0.49 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 16 | Jun - 15 | %Change |
| Revenues | 133.10 | 46.25 | 187.78 |
| Net Profit | (16.44) | (18.40) | - |
| Diluted EPS | (0.44) | (0.49) | - |
Shares of the company declined Rs 2.05, or 4.93%, to settle at Rs 39.50. The total volume of shares traded was 50 at the BSE (Friday).
