29 Feb 2020 | 1:19 PM

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COMPANYNEWS
Hindoostan Mills posts Q2 net loss of Rs 1.96 cr
  Hindoostan Mills Ltd. | 17 Jan 2020 | 10:48 AM
Published on 10-25-2019
The company reported standalone net loss during the quarter stood at Rs 1.96 crore as compared to net loss of Rs 1.94 crore in the previous year quarter.


Net revenue of the company declined moderately by 11.49 per cent at Rs 35.11 crore in July-September quarter of this fiscal as against Rs 39.67 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 10.35 per cent to Rs 35.50 crore from Rs 39.60 crore in year ago period.


Other Income dipped by 20.00 per cent at Rs 0.40 crore versus (Sep`18 Rs 0.50 crore).


Operating Profit slipped by 165.00 per cent to Rs -0.39 crore as against Rs 0.60 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 173.51 per cent in September quarter.


Interest declined by 60.00 per cent y-o-y to Rs 0.28 crore while Taxation increased by 116.67 per cent at Rs 0.01 crore (Sep`18 Rs -0.06 crore).