18 Feb 2019 | 2:28 AM

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COMPANYNEWS
Ravalgaon Sugar posts Q3 net loss of Rs 0.65 cr
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Published on 02-12-2019
The company reported standalone net loss during the quarter stood at Rs 0.65 crore as compared to net loss of Rs 1.47 crore in the previous year quarter.


Net revenue of the company rose moderately by 10.51 per cent at Rs 3.05 crore in October-December quarter of this fiscal as against Rs 2.76 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 15.25 per cent to Rs 4.08 crore from Rs 3.54 crore in year ago period.


Other Income dipped by 78.38 per cent at Rs 0.08 crore versus (Dec`17 Rs 0.37 crore).


Operating Profit surged by 32.05 per cent to Rs -1.03 crore as against Rs -0.78 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.56 per cent in December quarter.


Interest declined by 82.09 per cent y-o-y to Rs 0.12 crore