18 Feb 2019 | 2:31 AM

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COMPANYNEWS
Raj Packaging In posts Q3 net loss of Rs 0.14 cr
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Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 0.14 crore compared to net profit of Rs 0.29 crore in the previous year quarter. 


Net revenue of the company declined moderately by 16.04 per cent at Rs 8.32 crore in October-December quarter of this fiscal as against Rs 9.91 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 11.80 per cent to Rs 8.07 crore from Rs 9.15 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.04 crore versus (Dec`17 Rs 0.04 crore).


Operating Profit slipped by 67.11 per cent to Rs 0.25 crore as against Rs 0.76 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 61.04 per cent in December quarter.


Interest grew by 21.74 per cent y-o-y to Rs 0.28 crore while Taxation decreased by 154.55 per cent at Rs -0.06 crore (Dec`17 Rs 0.11 crore).