06 Dec 2019 | 2:24 PM

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COMPANYNEWS
Kohinoor Foods posts Q2 net loss of Rs 4.84 cr
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Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 4.84 crore as compared to net loss of Rs 75.26 crore in the previous year quarter.


Net revenue of the company declined substantially by 92.49 per cent at Rs 9.75 crore in July-September quarter of this fiscal as against Rs 129.84 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 92.78 per cent to Rs 13.16 crore from Rs 182.16 crore in year ago period.


Operating Profit slipped by 93.48 per cent to Rs -3.41 crore as against Rs -52.32 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 13.23 per cent in September quarter.


Interest declined by 99.95 per cent y-o-y to Rs 0.01 crore