06 Jul 2020 | 2:07 PM

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Impex Ferro Tech Ltd posts Q1 net loss of Rs 8.51 cr
  Impex Ferro Tech Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-16-2019
The company reported standalone net loss during the quarter stood at Rs 8.51 crore as compared to net loss of Rs 7.46 crore in the previous year quarter.


Net revenue of the company rose marginally by 2.16 per cent at Rs 17.48 crore in April-June quarter of this fiscal as against Rs 17.11 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 8.46 per cent to Rs 24.23 crore from Rs 22.34 crore in year ago period.


Other Income dipped by 85.00 per cent at Rs 0.03 crore versus (Jun`18 Rs 0.20 crore).


Operating Profit surged by 29.06 per cent to Rs -6.75 crore as against Rs -5.23 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 26.40 per cent in June quarter.


Interest declined by 98.46 per cent y-o-y to Rs 0.01 crore