16 Dec 2019 | 8:38 AM


JCT posts Q2 net loss of Rs 18.72 cr
Published on 11-21-2019
The company reported standalone net loss during the quarter stood at Rs 18.72 crore as compared to net loss of Rs 7.55 crore in the previous year quarter.

Net revenue of the company declined moderately by 13.38 per cent at Rs 176.57 crore in July-September quarter of this fiscal as against Rs 203.85 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 5.86 per cent to Rs 185.87 crore from Rs 197.44 crore in year ago period.

Other Income grew by 318.32 per cent at Rs 5.48 crore versus (Sep`18 Rs 1.31 crore).

Operating Profit slipped by 245.09 per cent to Rs -9.30 crore as against Rs 6.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 267.83 per cent in September quarter.

Interest grew by 19.59 per cent y-o-y to Rs 11.17 crore