15 Dec 2019 | 4:58 PM

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COMPANYNEWS
ASI Industries posts Q2 net loss of Rs 4.91 cr
  ASI Industries Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 4.91 crore as compared to net loss of Rs 3.04 crore in the previous year quarter.


Net revenue of the company rose moderately by 9.51 per cent at Rs 37.21 crore in July-September quarter of this fiscal as against Rs 33.98 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 9.84 per cent to Rs 40.84 crore from Rs 37.18 crore in year ago period.


Other Income dipped by 99.48 per cent at Rs 0.01 crore versus (Sep`18 Rs 1.92 crore).


Operating Profit surged by 13.44 per cent to Rs -3.63 crore as against Rs -3.20 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.61 per cent in September quarter.


Interest grew by 8.06 per cent y-o-y to Rs 2.01 crore while Taxation increased by 61.76 per cent at Rs -2.20 crore (Sep`18 Rs -1.36 crore).