09 Jul 2020 | 9:02 PM

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COMPANYNEWS
Guj. Foils posts Q3 net loss of Rs 5.28 cr
  Gujarat Foils Ltd. | 03 Dec 2019 | 04:01 PM
Published on 02-15-2019
The company reported standalone net loss during the quarter stood at Rs 5.28 crore as compared to net loss of Rs 3.89 crore in the previous year quarter.


Net revenue of the company declined marginally by 3.48 per cent at Rs 9.98 crore in October-December quarter of this fiscal as against Rs 10.34 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 12.28 per cent to Rs 12.71 crore from Rs 14.49 crore in year ago period.


Other Income dipped by 50.00 per cent at Rs 0.01 crore versus (Dec`17 Rs 0.02 crore).


Operating Profit slipped by 44.02 per cent to Rs -2.06 crore as against Rs -3.68 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 41.85 per cent in December quarter.


Taxation decreased by 50.00 per cent at Rs 0.58 crore (Dec`17 Rs 1.16 crore).