06 Dec 2019 | 2:32 PM

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COMPANYNEWS
Mayur Leather Pr posts Q2 net loss of Rs 0.94 cr
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Published on 11-16-2019
The company reported standalone net loss during the quarter stood at Rs 0.94 crore as compared to net loss of Rs 0.91 crore in the previous year quarter.


Net revenue of the company rose moderately by 8.78 per cent at Rs 2.85 crore in July-September quarter of this fiscal as against Rs 2.62 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 10.45 per cent to Rs 3.91 crore from Rs 3.54 crore in year ago period.


Other Income grew by 12.50 per cent at Rs 0.36 crore versus (Sep`18 Rs 0.32 crore).


Operating Profit surged by 15.22 per cent to Rs -1.06 crore as against Rs -0.92 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 5.68 per cent in September quarter.


Interest declined by 23.81 per cent y-o-y to Rs 0.16 crore