17 Jun 2019 | 5:07 AM

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COMPANYNEWS
Gokak Textiles posts Q4 net loss of Rs 10.99 cr
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Published on 05-24-2019
The company reported standalone net loss during the quarter stood at Rs 10.99 crore as compared to net loss of Rs 8.50 crore in the previous year quarter.


Net revenue of the company declined moderately by 18.80 per cent at Rs 36.92 crore in January-March quarter of this fiscal as against Rs 45.47 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 11.70 per cent to Rs 44.00 crore from Rs 49.83 crore in year ago period.


Other Income dipped by 92.95 per cent at Rs 0.11 crore versus (Mar`18 Rs 1.56 crore).


Operating Profit surged by 62.39 per cent to Rs -7.08 crore as against Rs -4.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 100.00 per cent in March quarter.


Interest declined by 22.60 per cent y-o-y to Rs 2.50 crore