11 Aug 2020 | 10:12 AM

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COMPANYNEWS
Coromandel Engg. posts Q2 net loss of Rs 0.91 cr
  Coromandel Engineering Company Ltd. | 17 Jan 2020 | 10:39 AM
Published on 10-25-2019
The company reported standalone net loss during the quarter stood at Rs 0.91 crore as compared to net loss of Rs 2.86 crore in the previous year quarter.


Net revenue of the company declined substantially by 35.65 per cent at Rs 9.82 crore in July-September quarter of this fiscal as against Rs 15.26 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 34.03 per cent to Rs 10.35 crore from Rs 15.69 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.09 crore versus (Sep`18 Rs 0.00 crore).


Operating Profit surged by 23.26 per cent to Rs -0.53 crore as against Rs -0.43 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 90.75 per cent in September quarter.


Interest grew by 11.04 per cent y-o-y to Rs 1.71 crore