24 Oct 2020 | 3:34 AM


Pokarna posts Q2 net loss of Rs 1.78 cr
  Pokarna Ltd. | 17 Jan 2020 | 10:49 AM
Published on 11-13-2019
The company reported standalone net loss during the quarter stood at Rs 1.78 crore compared to net profit of Rs 1.55 crore in the previous year quarter. 

Net revenue of the company declined substantially by 55.81 per cent at Rs 16.42 crore in July-September quarter of this fiscal as against Rs 37.16 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 48.99 per cent to Rs 15.41 crore from Rs 30.21 crore in year ago period.

Other Income grew by 25.00 per cent at Rs 0.10 crore versus (Sep`18 Rs 0.08 crore).

Operating Profit slipped by 85.47 per cent to Rs 1.01 crore as against Rs 6.95 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 67.01 per cent in September quarter.

Interest grew by 13.48 per cent y-o-y to Rs 1.60 crore while Taxation decreased by 432.73 per cent at Rs -1.83 crore (Sep`18 Rs 0.55 crore).