25 Jun 2019 | 10:26 PM

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COMPANYNEWS
Kandagiri Spinni posts Q4 net loss of Rs 2.34 cr
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Published on 05-27-2019
The company reported standalone net loss during the quarter stood at Rs 2.34 crore compared to net profit of Rs 0.32 crore in the previous year quarter. 


Net revenue of the company declined moderately by 12.20 per cent at Rs 14.04 crore in January-March quarter of this fiscal as against Rs 15.99 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 21.93 per cent to Rs 14.38 crore from Rs 18.42 crore in year ago period.


Other Income dipped by 140.00 per cent at Rs -0.02 crore versus (Mar`18 Rs 0.05 crore).


Operating Profit slipped by 86.48 per cent to Rs -0.33 crore as against Rs -2.44 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 84.39 per cent in March quarter.


Interest declined by 24.46 per cent y-o-y to Rs 1.39 crore