06 Dec 2019 | 2:31 PM

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COMPANYNEWS
Integrated Therm posts Q2 net loss of Rs 1.30 cr
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Published on 11-16-2019
The company reported standalone net loss during the quarter stood at Rs 1.30 crore as compared to net loss of Rs 3.32 crore in the previous year quarter.


Net revenue of the company rose triple digit by 124.25 per cent at Rs 20.07 crore in July-September quarter of this fiscal as against Rs 8.95 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 80.42 per cent to Rs 19.99 crore from Rs 11.08 crore in year ago period.


Operating Profit surged by 103.74 per cent to Rs 0.08 crore as against Rs -2.14 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 101.72 per cent in September quarter.


Interest grew by 11.03 per cent y-o-y to Rs 1.51 crore while Taxation decreased by 14.81 per cent at Rs -0.23 crore (Sep`18 Rs -0.27 crore).