06 Dec 2019 | 2:22 PM

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COMPANYNEWS
CIAN Agro Industries posts Q2 net loss of Rs 0.06 cr
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Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 0.06 crore compared to net profit of Rs 2.65 crore in the previous year quarter. 


Net revenue of the company rose substantially by 89.86 per cent at Rs 69.28 crore in July-September quarter of this fiscal as against Rs 36.49 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 107.59 per cent to Rs 67.03 crore from Rs 32.29 crore in year ago period.


Other Income dipped by 106.67 per cent at Rs -0.02 crore versus (Sep`18 Rs 0.30 crore).


Operating Profit slipped by 46.43 per cent to Rs 2.25 crore as against Rs 4.20 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 71.85 per cent in September quarter.


Interest grew by 39.52 per cent y-o-y to Rs 1.73 crore while Taxation increased by 1500.00 per cent at Rs -0.16 crore (Sep`18 Rs -0.01 crore).