07 Dec 2019 | 3:25 PM


Punj. Communica posts Q2 net loss of Rs 3.68 cr
Published on 11-20-2019
The company reported standalone net loss during the quarter stood at Rs 3.68 crore compared to net profit of Rs 0.25 crore in the previous year quarter. 

Net revenue of the company declined substantially by 69.83 per cent at Rs 4.32 crore in July-September quarter of this fiscal as against Rs 14.32 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 39.94 per cent to Rs 9.76 crore from Rs 16.25 crore in year ago period.

Other Income dipped by 19.07 per cent at Rs 1.91 crore versus (Sep`18 Rs 2.36 crore).

Operating Profit surged by 181.35 per cent to Rs -5.43 crore as against Rs -1.93 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 831.58 per cent in September quarter.

Interest declined by 57.14 per cent y-o-y to Rs 0.03 crore