29 Feb 2020 | 1:25 PM

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COMPANYNEWS
Hindoostan Mills posts Q1 net loss of Rs 2.61 cr
  Hindoostan Mills Ltd. | 17 Jan 2020 | 10:48 AM
Published on 08-07-2019
The company reported standalone net loss during the quarter stood at Rs 2.61 crore as compared to net loss of Rs 4.70 crore in the previous year quarter.


Net revenue of the company declined marginally by 1.32 per cent at Rs 36.72 crore in April-June quarter of this fiscal as against Rs 37.21 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 1.68 per cent to Rs 36.83 crore from Rs 36.22 crore in year ago period.


Other Income grew by 180.00 per cent at Rs 0.42 crore versus (Jun`18 Rs 0.15 crore).


Operating Profit slipped by 87.43 per cent to Rs 0.22 crore as against Rs 1.75 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 87.26 per cent in June quarter.


Interest declined by 30.43 per cent y-o-y to Rs 0.32 crore