23 Jul 2019 | 3:36 PM

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COMPANYNEWS
JR Foods Ltd posts Q4 net loss of Rs 32.79 cr
  JR Foods Ltd. | 23 Jul 2019 | 01:47 PM
Published on 06-01-2019
The company reported standalone net loss during the quarter stood at Rs 32.79 crore compared to net profit of Rs 1.37 crore in the previous year quarter. 


Net revenue of the company declined substantially by 82.55 per cent at Rs 5.54 crore in January-March quarter of this fiscal as against Rs 31.75 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 26.67 per cent to Rs 36.90 crore from Rs 29.13 crore in year ago period.


Other Income grew by 131.67 per cent at Rs 0.19 crore versus (Mar`18 Rs -0.60 crore).


Operating Profit slipped by 1296.95 per cent to Rs -31.36 crore as against Rs 2.62 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6960.24 per cent in March quarter.


Interest grew by 230.61 per cent y-o-y to Rs 1.62 crore