07 Dec 2019 | 5:18 AM

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COMPANYNEWS
Opto Circuits India posts Q2 net loss of Rs 856.30 cr
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Published on 11-22-2019
The company reported standalone net loss during the quarter stood at Rs 856.30 crore compared to net profit of Rs 7.96 crore in the previous year quarter. 


Net revenue of the company declined substantially by 69.18 per cent at Rs 7.90 crore in July-September quarter of this fiscal as against Rs 25.63 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 55.72 per cent to Rs 7.67 crore from Rs 17.32 crore in year ago period.


Other Income dipped by 75.00 per cent at Rs 0.51 crore versus (Sep`18 Rs 2.04 crore).


Operating Profit slipped by 97.35 per cent to Rs 0.22 crore as against Rs 8.31 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 91.31 per cent in September quarter.


Interest declined by 17.39 per cent y-o-y to Rs 0.19 crore