06 Dec 2019 | 6:59 AM


Jindal Cotex posts Q2 net loss of Rs 2.64 cr
Published on 11-19-2019
The company reported standalone net loss during the quarter stood at Rs 2.64 crore as compared to net loss of Rs 0.49 crore in the previous year quarter.

Net revenue of the company declined substantially by 69.26 per cent at Rs 6.67 crore in July-September quarter of this fiscal as against Rs 21.70 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 57.15 per cent to Rs 9.53 crore from Rs 22.24 crore in year ago period.

Other Income grew by 10.16 per cent at Rs 2.06 crore versus (Sep`18 Rs 1.87 crore).

Operating Profit surged by 441.51 per cent to Rs -2.87 crore as against Rs -0.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1647.56 per cent in September quarter.

Interest grew by 81.25 per cent y-o-y to Rs 0.29 crore