18 Jun 2019 | 3:11 PM


Katare Spg. Mill posts Q3 net loss of Rs 0.34 cr
  Katare Spinning Mills Ltd. | 18 Jun 2019 | 02:40 PM
Published on 02-11-2019
The company reported standalone net loss during the quarter stood at Rs 0.34 crore as compared to net loss of Rs 1.16 crore in the previous year quarter.

Net revenue of the company rose moderately by 8.30 per cent at Rs 8.87 crore in October-December quarter of this fiscal as against Rs 8.19 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 2.39 per cent to Rs 8.98 crore from Rs 8.77 crore in year ago period.

Other Income dipped by 54.55 per cent at Rs 0.20 crore versus (Dec`17 Rs 0.44 crore).

Operating Profit slipped by 82.76 per cent to Rs -0.10 crore as against Rs -0.58 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 83.36 per cent in December quarter.

Interest declined by 71.79 per cent y-o-y to Rs 0.22 crore