20 Jan 2020 | 11:45 PM

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COMPANYNEWS
National Plywood Ind posts Q2 net loss of Rs 1.37 cr
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Published on 12-11-2019
The company reported standalone net loss during the quarter stood at Rs 1.37 crore compared to net profit of Rs 0.20 crore in the previous year quarter. 


Net revenue of the company rose substantially by 45.32 per cent at Rs 10.71 crore in July-September quarter of this fiscal as against Rs 7.37 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 81.45 per cent to Rs 13.01 crore from Rs 7.17 crore in year ago period.


Other Income grew by 517.65 per cent at Rs 1.05 crore versus (Sep`18 Rs 0.17 crore).


Operating Profit slipped by 1195.24 per cent to Rs -2.30 crore as against Rs 0.21 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 865.71 per cent in September quarter.


Interest grew by 100.00 per cent y-o-y to Rs 0.06 crore