10 Dec 2019 | 2:10 PM

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COMPANYNEWS
B L Kashyap & Sons posts Q1 net loss of Rs 3.43 cr
  B L Kashyap & Sons Ltd. | 10 Dec 2019 | 01:46 PM
Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 3.43 crore compared to net profit of Rs 11.87 crore in the previous year quarter. 


Net revenue of the company declined moderately by 16.67 per cent at Rs 170.93 crore in April-June quarter of this fiscal as against Rs 205.13 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 8.09 per cent to Rs 165.08 crore from Rs 179.62 crore in year ago period.


Other Income dipped by 25.22 per cent at Rs 5.13 crore versus (Jun`18 Rs 6.86 crore).


Operating Profit slipped by 77.07 per cent to Rs 5.85 crore as against Rs 25.51 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 72.51 per cent in June quarter.


Interest grew by 8.64 per cent y-o-y to Rs 13.46 crore while Taxation decreased by 130.76 per cent at Rs -1.79 crore (Jun`18 Rs 5.82 crore).