17 Jul 2019 | 6:54 AM

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COMPANYNEWS
Aditya Spinners posts Q2 net loss of Rs 0.29 cr
  Aditya Spinners Ltd. | 16 Jul 2019 | 04:01 PM
Published on 11-13-2017
The company reported standalone net loss during the quarter stood at Rs 0.29 crore compared to net profit of Rs 0.38 crore in the previous year quarter. 


Net revenue of the company declined moderately by 13.44 per cent at Rs 12.11 crore in July-September quarter of this fiscal as against Rs 13.99 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 14.47 per cent to Rs 10.99 crore from Rs 12.85 crore in year ago period.


Operating Profit slipped by 1.75 per cent to Rs 1.12 crore as against Rs 1.14 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 12.87 per cent in September quarter.


Interest grew by 156.41 per cent y-o-y to Rs 1.00 crore while Taxation increased by 0.00 per cent at Rs -0.03 crore (Sep'16 Rs 0.00 crore).