21 May 2019 | 9:24 AM

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COMPANYNEWS
Rajasthan Cylinders posts Q1 net loss of Rs 0.31 cr
  Rajasthan Cylinders & Containers Ltd. | 13 May 2019 | 03:35 PM
Published on 08-10-2017
The company reported standalone net loss during the quarter stood at Rs 0.31 crore compared to net profit of Rs 0.30 crore in the previous year quarter. 


Net revenue of the company declined substantially by 34.19 per cent at Rs 12.55 crore in April-June quarter of this fiscal as against Rs 19.07 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 32.22 per cent to Rs 12.58 crore from Rs 18.56 crore in year ago period.


Other Income dipped by 44.44 per cent at Rs 0.10 crore versus (Jun'16 Rs 0.18 crore).


Operating Profit slipped by 105.88 per cent to Rs -0.03 crore as against Rs 0.51 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 109.40 per cent in June quarter.


Interest declined by 11.11 per cent y-o-y to Rs 0.24 crore