20 Jun 2019 | 1:17 AM


Alok Industries posts Q2 net loss of Rs 1366.71 cr
  Alok Industries Ltd. | 19 Jun 2019 | 03:41 PM
Published on 11-16-2018
The company reported standalone net loss during the quarter stood at Rs 1366.71 crore as compared to net loss of Rs 5507.28 crore in the previous year quarter.

Net revenue of the company rose moderately by 12.77 per cent at Rs 896.06 crore in July-September quarter of this fiscal as against Rs 794.58 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 76.99 per cent to Rs 982.39 crore from Rs 4269.43 crore in year ago period.

Other Income dipped by 97.11 per cent at Rs 1.65 crore versus (Sep`17 Rs 57.10 crore).

Operating Profit slipped by 97.52 per cent to Rs -86.33 crore as against Rs -3474.85 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 97.80 per cent in September quarter.

Interest declined by 41.41 per cent y-o-y to Rs 1151.62 crore