16 Jul 2020 | 10:35 PM

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Impex Ferro Tech Ltd posts Q2 net loss of Rs 4.56 cr
  Impex Ferro Tech Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 4.56 crore compared to net profit of Rs 0.84 crore in the previous year quarter. 


Net revenue of the company declined substantially by 35.65 per cent at Rs 15.65 crore in July-September quarter of this fiscal as against Rs 24.32 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 12.99 per cent to Rs 18.49 crore from Rs 21.25 crore in year ago period.


Other Income grew by 100.00 per cent at Rs 0.06 crore versus (Sep`18 Rs 0.03 crore).


Operating Profit slipped by 192.21 per cent to Rs -2.84 crore as against Rs 3.08 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 243.48 per cent in September quarter.