06 Dec 2019 | 2:22 PM

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COMPANYNEWS
JMT Auto posts Q2 net loss of Rs 14.92 cr
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Published on 11-19-2019
The company reported standalone net loss during the quarter stood at Rs 14.92 crore compared to net profit of Rs 1.70 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 60.44 per cent at Rs 39.91 crore in July-September quarter of this fiscal as against Rs 100.88 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 46.03 per cent to Rs 47.51 crore from Rs 88.03 crore in year ago period.

Other Income grew by 452.78 per cent at Rs 1.99 crore versus (Sep`18 Rs 0.36 crore).

Operating Profit slipped by 159.19 per cent to Rs -7.60 crore as against Rs 12.84 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 249.57 per cent in September quarter.

Interest grew by 21.89 per cent y-o-y to Rs 4.90 crore while Taxation decreased by 191.11 per cent at Rs -0.82 crore (Sep`18 Rs 0.90 crore).