11 Aug 2020 | 9:43 AM

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COMPANYNEWS
Coromandel Engg. posts Q1 net loss of Rs 2.77 cr
  Coromandel Engineering Company Ltd. | 17 Jan 2020 | 10:39 AM
Published on 07-24-2019
The company reported standalone net loss during the quarter stood at Rs 2.77 crore as compared to net loss of Rs 2.64 crore in the previous year quarter.


Net revenue of the company rose substantially by 21.29 per cent at Rs 12.42 crore in April-June quarter of this fiscal as against Rs 10.24 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 13.21 per cent to Rs 12.60 crore from Rs 11.13 crore in year ago period.


Other Income dipped by 98.53 per cent at Rs 0.01 crore versus (Jun`18 Rs 0.68 crore).


Operating Profit slipped by 79.78 per cent to Rs -0.18 crore as against Rs -0.89 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 83.35 per cent in June quarter.


Interest grew by 9.68 per cent y-o-y to Rs 1.70 crore