06 Dec 2019 | 9:24 AM

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COMPANYNEWS
Garden Silk Mill posts Q2 net loss of Rs 39.92 cr
  Garden Silk Mills Ltd. | 05 Dec 2019 | 04:01 PM
Published on 11-12-2019
The company reported standalone net loss during the quarter stood at Rs 39.92 crore as compared to net loss of Rs 13.46 crore in the previous year quarter.


Net revenue of the company declined moderately by 19.15 per cent at Rs 744.47 crore in July-September quarter of this fiscal as against Rs 920.84 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 18.37 per cent to Rs 721.18 crore from Rs 883.47 crore in year ago period.


Other Income dipped by 92.98 per cent at Rs 1.15 crore versus (Sep`18 Rs 16.38 crore).


Operating Profit slipped by 37.68 per cent to Rs 23.29 crore as against Rs 37.37 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 22.91 per cent in September quarter.


Interest declined by 4.07 per cent y-o-y to Rs 48.38 crore