17 Jun 2019 | 5:09 AM


Alliance Integrated posts Q2 net loss of Rs 6.42 cr
  Alliance Integrated Metaliks Ltd. | 27 May 2019 | 04:01 PM
Published on 12-17-2018
The company reported standalone net loss during the quarter stood at Rs 6.42 crore as compared to net loss of Rs 27.51 crore in the previous year quarter.

Net revenue of the company rose triple digit by 166.81 per cent at Rs 24.52 crore in July-September quarter of this fiscal as against Rs 9.19 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 206.96 per cent to Rs 19.86 crore from Rs 6.47 crore in year ago period.

Other Income grew by 500.00 per cent at Rs 0.12 crore versus (Sep`17 Rs 0.02 crore).

Operating Profit surged by 70.70 per cent to Rs 4.66 crore as against Rs 2.73 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 35.97 per cent in September quarter.

Interest grew by 14.68 per cent y-o-y to Rs 17.50 crore while Taxation decreased by 259.76 per cent at Rs -13.10 crore (Sep`17 Rs 8.20 crore).