20 Jun 2019 | 3:40 PM


GTN Textiles posts Q4 net loss of Rs 0.51 cr
Published on 05-21-2019
The company reported standalone net loss during the quarter stood at Rs 0.51 crore compared to net profit of Rs 1.13 crore in the previous year quarter. 

Net revenue of the company declined marginally by 2.19 per cent at Rs 37.52 crore in January-March quarter of this fiscal as against Rs 38.36 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 6.79 per cent to Rs 36.64 crore from Rs 34.31 crore in year ago period.

Other Income dipped by 47.06 per cent at Rs 0.09 crore versus (Mar`18 Rs 0.17 crore).

Operating Profit slipped by 78.27 per cent to Rs 0.88 crore as against Rs 4.05 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 77.75 per cent in March quarter.

Interest declined by 32.45 per cent y-o-y to Rs 1.79 crore while Taxation increased by 136.17 per cent at Rs -1.11 crore (Mar`18 Rs -0.47 crore).