16 Dec 2019 | 8:33 AM


Monarch Networth Cap posts Q2 net loss of Rs 0.29 cr
  Monarch Networth Capital Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-18-2019
The company reported standalone net loss during the quarter stood at Rs 0.29 crore compared to net profit of Rs 4.38 crore in the previous year quarter. 

Net revenue of the company declined substantially by 23.82 per cent at Rs 12.15 crore in July-September quarter of this fiscal as against Rs 15.95 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 0.73 per cent to Rs 12.46 crore from Rs 12.37 crore in year ago period.

Other Income dipped by 27.53 per cent at Rs 1.29 crore versus (Sep`18 Rs 1.78 crore).

Operating Profit slipped by 108.66 per cent to Rs -0.31 crore as against Rs 3.58 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 111.22 per cent in September quarter.

Interest grew by 127.08 per cent y-o-y to Rs 1.09 crore while Taxation decreased by 117.86 per cent at Rs -0.05 crore (Sep`18 Rs 0.28 crore).