12 Dec 2019 | 5:28 PM

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COMPANYNEWS
Jai Balaji Industrie posts Q2 net loss of Rs 31.81 cr
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Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 31.81 crore as compared to net loss of Rs 41.08 crore in the previous year quarter.


Net revenue of the company declined moderately by 11.53 per cent at Rs 646.31 crore in July-September quarter of this fiscal as against Rs 730.52 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 12.70 per cent to Rs 649.39 crore from Rs 743.89 crore in year ago period.


Other Income grew by 179.74 per cent at Rs 23.61 crore versus (Sep`18 Rs 8.44 crore).


Operating Profit slipped by 77.04 per cent to Rs -3.07 crore as against Rs -13.37 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 73.77 per cent in September quarter.


Interest grew by 169.20 per cent y-o-y to Rs 27.97 crore