23 Oct 2020 | 3:12 AM

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Essel Propack posts Q2 net loss of Rs 2.94 cr
  Essel Propack Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-08-2019
The company reported standalone net loss during the quarter stood at Rs 2.94 crore compared to net profit of Rs 13.12 crore in the previous year quarter. 


Net revenue of the company rose marginally by 1.65 per cent at Rs 209.19 crore in July-September quarter of this fiscal as against Rs 205.80 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 0.97 per cent to Rs 167.23 crore from Rs 165.62 crore in year ago period.


Other Income dipped by 9.91 per cent at Rs 1.00 crore versus (Sep`18 Rs 1.11 crore).


Operating Profit slipped by 2.29 per cent to Rs 42.16 crore as against Rs 43.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.91 per cent in September quarter.


Interest declined by 11.94 per cent y-o-y to Rs 5.53 crore while Taxation decreased by 165.02 per cent at Rs -4.33 crore (Sep`18 Rs 6.66 crore).