29 Nov 2020 | 10:25 AM

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Indosolar posts Q2 net loss of Rs 45.17 cr
  Indosolar Ltd. | 17 Jan 2020 | 10:42 AM
Published on 11-27-2017
The company reported standalone net loss during the quarter stood at Rs 45.17 crore as compared to net loss of Rs 31.61 crore in the previous year quarter.


Net revenue of the company declined moderately by 6.27 per cent at Rs 100.62 crore in July-September quarter of this fiscal as against Rs 107.35 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 14.68 per cent to Rs 110.10 crore from Rs 96.01 crore in year ago period.


Other Income dipped by 62.18 per cent at Rs 0.45 crore versus (Sep'16 Rs 1.19 crore).


Operating Profit slipped by 183.45 per cent to Rs -9.48 crore as against Rs 11.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 189.04 per cent in September quarter.


Interest declined by 22.67 per cent y-o-y to Rs 28.79 crore