06 Dec 2019 | 2:20 PM

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COMPANYNEWS
Austin Engg. Co. posts Q2 net loss of Rs 0.25 cr
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Published on 11-19-2019
The company reported standalone net loss during the quarter stood at Rs 0.25 crore compared to net profit of Rs 0.85 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 28.51 per cent at Rs 18.51 crore in July-September quarter of this fiscal as against Rs 25.89 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 26.83 per cent to Rs 18.35 crore from Rs 25.08 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.11 crore versus (Sep`18 Rs 0.33 crore).

Operating Profit slipped by 79.01 per cent to Rs 0.17 crore as against Rs 0.81 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 71.34 per cent in September quarter.

Interest grew by 41.18 per cent y-o-y to Rs 0.24 crore while Taxation decreased by 92.86 per cent at Rs -0.01 crore (Sep`18 Rs -0.14 crore).