24 Jan 2020 | 2:32 AM

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Kuwer Industries posts Q1 net loss of Rs 1.78 cr
  Kuwer Industries Ltd. | 03 Jan 2020 | 04:01 PM
Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 1.78 crore compared to net profit of Rs 0.10 crore in the previous year quarter. 


Net revenue of the company rose marginally by 4.41 per cent at Rs 13.27 crore in April-June quarter of this fiscal as against Rs 12.71 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 17.23 per cent to Rs 14.63 crore from Rs 12.48 crore in year ago period.


Other Income grew by 42.86 per cent at Rs 0.40 crore versus (Jun`18 Rs 0.28 crore).


Operating Profit slipped by 691.30 per cent to Rs -1.36 crore as against Rs 0.23 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 666.85 per cent in June quarter.


Interest grew by 188.24 per cent y-o-y to Rs 0.49 crore