06 Jul 2020 | 3:19 PM

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COMPANYNEWS
Guj. Foils posts Q4 net loss of Rs 17.02 cr
  Gujarat Foils Ltd. | 03 Dec 2019 | 04:01 PM
Published on 07-04-2019
The company reported standalone net loss during the quarter stood at Rs 17.02 crore as compared to net loss of Rs 321.48 crore in the previous year quarter.


Net revenue of the company declined substantially by 22.93 per cent at Rs 11.09 crore in January-March quarter of this fiscal as against Rs 14.39 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 96.06 per cent to Rs 13.21 crore from Rs 335.41 crore in year ago period.


Other Income dipped by 78.57 per cent at Rs 0.03 crore versus (Mar`18 Rs 0.14 crore).


Operating Profit slipped by 99.60 per cent to Rs -1.28 crore as against Rs -319.99 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 99.48 per cent in March quarter.


Taxation decreased by 1467.86 per cent at Rs -3.83 crore (Mar`18 Rs 0.28 crore).