06 Dec 2019 | 2:30 PM

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COMPANYNEWS
GTN Textiles posts Q2 net loss of Rs 2.99 cr
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Published on 11-18-2019
The company reported standalone net loss during the quarter stood at Rs 2.99 crore as compared to net loss of Rs 2.78 crore in the previous year quarter.


Net revenue of the company rose marginally by 1.60 per cent at Rs 35.50 crore in July-September quarter of this fiscal as against Rs 34.94 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 2.94 per cent to Rs 35.38 crore from Rs 34.37 crore in year ago period.


Other Income dipped by 11.11 per cent at Rs 0.08 crore versus (Sep`18 Rs 0.09 crore).


Operating Profit slipped by 78.95 per cent to Rs 0.12 crore as against Rs 0.57 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 79.14 per cent in September quarter.


Interest declined by 10.85 per cent y-o-y to Rs 2.30 crore