11 Dec 2019 | 12:36 PM

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COMPANYNEWS
Carnation Indust posts Q2 net loss of Rs 12.34 cr
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Published on 11-18-2019
The company reported standalone net loss during the quarter stood at Rs 12.34 crore as compared to net loss of Rs 0.12 crore in the previous year quarter.


Net revenue of the company rose substantially by 34.54 per cent at Rs 3.35 crore in July-September quarter of this fiscal as against Rs 2.49 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 288.42 per cent to Rs 16.43 crore from Rs 4.23 crore in year ago period.


Other Income dipped by 66.47 per cent at Rs 0.57 crore versus (Sep`18 Rs 1.70 crore).


Operating Profit surged by 651.72 per cent to Rs -13.08 crore as against Rs -1.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 459.27 per cent in September quarter.


Taxation increased by 105.56 per cent at Rs -0.37 crore (Sep`18 Rs -0.18 crore).