06 Dec 2019 | 7:32 PM

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COMPANYNEWS
Provogue (India) posts Q2 net loss of Rs 12.31 cr
  Provogue (India) Ltd. | 14 Nov 2019 | 03:41 PM
Published on 11-16-2018
The company reported standalone net loss during the quarter stood at Rs 12.31 crore as compared to net loss of Rs 44.93 crore in the previous year quarter.


Net revenue of the company declined substantially by 56.32 per cent at Rs 10.68 crore in July-September quarter of this fiscal as against Rs 24.45 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 84.81 per cent to Rs 9.55 crore from Rs 62.86 crore in year ago period.


Other Income dipped by 92.64 per cent at Rs 0.12 crore versus (Sep`17 Rs 1.63 crore).


Operating Profit surged by 102.94 per cent to Rs 1.13 crore as against Rs -38.41 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 106.75 per cent in September quarter.


Interest grew by 22.94 per cent y-o-y to Rs 8.95 crore while Taxation increased by 268.18 per cent at Rs 0.37 crore (Sep`17 Rs -0.22 crore).