08 Dec 2019 | 11:55 AM

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COMPANYNEWS
B L Kashyap & Sons posts Q2 net loss of Rs 6.18 cr
  B L Kashyap & Sons Ltd. | 06 Dec 2019 | 03:41 PM
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 6.18 crore compared to net profit of Rs 9.89 crore in the previous year quarter. 


Net revenue of the company rose by 5.80 per cent at Rs 217.58 crore in July-September quarter of this fiscal as against Rs 205.66 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 15.32 per cent to Rs 210.94 crore from Rs 182.91 crore in year ago period.


Other Income dipped by 22.43 per cent at Rs 2.94 crore versus (Sep`18 Rs 3.79 crore).


Operating Profit slipped by 70.81 per cent to Rs 6.64 crore as against Rs 22.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 72.42 per cent in September quarter.


Interest grew by 23.23 per cent y-o-y to Rs 14.11 crore while Taxation decreased by 121.37 per cent at Rs -0.78 crore (Sep`18 Rs 3.65 crore).