06 Dec 2019 | 6:57 AM

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COMPANYNEWS
Parker Agrochem posts Q2 net loss of Rs 0.09 cr
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Published on 11-13-2019
The company reported standalone net loss during the quarter stood at Rs 0.09 crore compared to net profit of Rs 0.15 crore in the previous year quarter. 


Net revenue of the company rose three fold by 1289.01 per cent at Rs 12.64 crore in July-September quarter of this fiscal as against Rs 0.91 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 1843.08 per cent to Rs 12.63 crore from Rs 0.65 crore in year ago period.


Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.01 crore).


Operating Profit slipped by 100.00 per cent to Rs 0.00 crore as against Rs 0.26 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 99.90 per cent in September quarter.