30 May 2020 | 2:39 PM

News

COMPANYNEWS
Astec Lifesciences L posts Q1 net loss of Rs 1.12 cr
  Astec Lifesciences Ltd. | 17 Jan 2020 | 10:51 AM
Published on 07-26-2019
The company reported standalone net loss during the quarter stood at Rs 1.12 crore compared to net profit of Rs 1.48 crore in the previous year quarter. 


Net revenue of the company rose moderately by 17.60 per cent at Rs 76.99 crore in April-June quarter of this fiscal as against Rs 65.47 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 25.33 per cent to Rs 70.60 crore from Rs 56.33 crore in year ago period.


Other Income grew by 4600.00 per cent at Rs 0.94 crore versus (Jun`18 Rs 0.02 crore).


Operating Profit slipped by 30.16 per cent to Rs 6.39 crore as against Rs 9.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 40.59 per cent in June quarter.


Interest grew by 30.60 per cent y-o-y to Rs 3.50 crore while Taxation decreased by 163.54 per cent at Rs -0.61 crore (Jun`18 Rs 0.96 crore).