15 Dec 2019 | 4:57 PM

News

COMPANYNEWS
Pasupati Acrylon posts Q2 net loss of Rs 4.80 cr
  Pasupati Acrylon Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-12-2019
The company reported standalone net loss during the quarter stood at Rs 4.80 crore compared to net profit of Rs 7.53 crore in the previous year quarter. 


Net revenue of the company declined substantially by 28.28 per cent at Rs 149.90 crore in July-September quarter of this fiscal as against Rs 209.00 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 20.41 per cent to Rs 155.83 crore from Rs 195.80 crore in year ago period.


Other Income dipped by 29.18 per cent at Rs 1.65 crore versus (Sep`18 Rs 2.33 crore).


Operating Profit slipped by 144.92 per cent to Rs -5.93 crore as against Rs 13.20 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 162.66 per cent in September quarter.


Interest declined by 36.23 per cent y-o-y to Rs 1.32 crore while Taxation decreased by 154.75 per cent at Rs -2.48 crore (Sep`18 Rs 4.53 crore).