10 Jul 2020 | 10:33 PM

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COMPANYNEWS
Guj. Foils posts Q1 net loss of Rs 0.35 cr
  Gujarat Foils Ltd. | 03 Dec 2019 | 04:01 PM
Published on 08-16-2019
The company reported standalone net loss during the quarter stood at Rs 0.35 crore as compared to net loss of Rs 4.65 crore in the previous year quarter.


Net revenue of the company declined substantially by 30.21 per cent at Rs 12.43 crore in April-June quarter of this fiscal as against Rs 17.81 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 39.92 per cent to Rs 12.93 crore from Rs 21.52 crore in year ago period.


Operating Profit surged by 118.05 per cent to Rs 0.50 crore as against Rs -2.77 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 126.08 per cent in June quarter.