29 Sep 2020 | 4:47 PM

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COMPANYNEWS
CLC Industries posts Q1 net loss of Rs 14.53 cr
  CLC Industries Ltd. | 15 Jan 2020 | 04:01 PM
Published on 08-15-2019
The company reported standalone net loss during the quarter stood at Rs 14.53 crore as compared to net loss of Rs 1.74 crore in the previous year quarter.


Net revenue of the company declined substantially by 86.13 per cent at Rs 12.75 crore in April-June quarter of this fiscal as against Rs 91.90 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 70.54 per cent to Rs 26.70 crore from Rs 90.64 crore in year ago period.


Other Income grew by 117.47 per cent at Rs 3.61 crore versus (Jun`18 Rs 1.66 crore).


Operating Profit slipped by 1207.94 per cent to Rs -13.96 crore as against Rs 1.26 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 8091.24 per cent in June quarter.


Interest declined by 19.63 per cent y-o-y to Rs 1.72 crore