08 Dec 2019 | 7:31 PM

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COMPANYNEWS
Mid India Indust posts Q2 net loss of Rs 0.12 cr
  Mid India Industries Ltd. | 02 Dec 2019 | 03:41 PM
Published on 11-12-2019
The company reported standalone net loss during the quarter stood at Rs 0.12 crore as compared to net loss of Rs 0.45 crore in the previous year quarter.


Net revenue of the company declined substantially by 74.96 per cent at Rs 1.73 crore in July-September quarter of this fiscal as against Rs 6.91 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 74.56 per cent to Rs 1.86 crore from Rs 7.31 crore in year ago period.


Other Income grew by 600.00 per cent at Rs 0.07 crore versus (Sep`18 Rs 0.01 crore).


Operating Profit slipped by 66.67 per cent to Rs -0.13 crore as against Rs -0.39 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 28.67 per cent in September quarter.