20 Jan 2020 | 11:47 PM


Hind Aluminium Indus posts Q2 net loss of Rs 0.72 cr
Published on 12-11-2019
The company reported standalone net loss during the quarter stood at Rs 0.72 crore compared to net profit of Rs 2.18 crore in the previous year quarter. 

Net revenue of the company declined moderately by 17.74 per cent at Rs 109.84 crore in July-September quarter of this fiscal as against Rs 133.53 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 13.59 per cent to Rs 109.21 crore from Rs 126.38 crore in year ago period.

Other Income grew by 20.81 per cent at Rs 2.09 crore versus (Sep`18 Rs 1.73 crore).

Operating Profit slipped by 91.19 per cent to Rs 0.63 crore as against Rs 7.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 89.35 per cent in September quarter.

Interest declined by 3.87 per cent y-o-y to Rs 2.98 crore while Taxation decreased by 110.80 per cent at Rs -0.31 crore (Sep`18 Rs 2.87 crore).