21 Oct 2020 | 4:48 PM

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COMPANYNEWS
Forbes & Company Ltd posts Q2 net loss of Rs 5.83 cr
  Forbes & Company Ltd. | 17 Jan 2020 | 10:45 AM
Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 5.83 crore compared to net profit of Rs 1.22 crore in the previous year quarter. 


Net revenue of the company declined substantially by 21.40 per cent at Rs 45.00 crore in July-September quarter of this fiscal as against Rs 57.25 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.29 per cent to Rs 45.91 crore from Rs 50.61 crore in year ago period.


Other Income dipped by 90.79 per cent at Rs 0.94 crore versus (Sep`18 Rs 10.21 crore).


Operating Profit slipped by 113.70 per cent to Rs -0.91 crore as against Rs 6.64 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 117.41 per cent in September quarter.


Interest declined by 11.49 per cent y-o-y to Rs 2.85 crore