14 Dec 2019 | 11:18 AM

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COMPANYNEWS
Manaksia posts Q1 net loss of Rs 1.19 cr
  Manaksia Ltd. | 13 Dec 2019 | 04:01 PM
Published on 08-14-2019
The company reported standalone net loss during the quarter stood at Rs 1.19 crore compared to net profit of Rs 26.31 crore in the previous year quarter. 


Net revenue of the company rose substantially by 24.76 per cent at Rs 10.58 crore in April-June quarter of this fiscal as against Rs 8.48 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 27.58 per cent to Rs 12.49 crore from Rs 9.79 crore in year ago period.


Other Income dipped by 97.22 per cent at Rs 0.97 crore versus (Jun`18 Rs 34.94 crore).


Operating Profit surged by 46.56 per cent to Rs -1.92 crore as against Rs -1.31 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 17.73 per cent in June quarter.


Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore while Taxation decreased by 97.79 per cent at Rs 0.16 crore (Jun`18 Rs 7.23 crore).