06 Dec 2019 | 6:58 AM

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COMPANYNEWS
Rajvir Industries Lt posts Q2 net loss of Rs 6.46 cr
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Published on 11-21-2019
The company reported standalone net loss during the quarter stood at Rs 6.46 crore as compared to net loss of Rs 12.42 crore in the previous year quarter.


Net revenue of the company declined substantially by 45.29 per cent at Rs 8.95 crore in July-September quarter of this fiscal as against Rs 16.36 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 55.92 per cent to Rs 9.97 crore from Rs 22.62 crore in year ago period.


Other Income grew by 4700.00 per cent at Rs 1.92 crore versus (Sep`18 Rs 0.04 crore).


Operating Profit slipped by 83.71 per cent to Rs -1.02 crore as against Rs -6.26 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 70.23 per cent in September quarter.


Interest declined by 2.25 per cent y-o-y to Rs 4.34 crore while Taxation increased by 636.36 per cent at Rs 1.62 crore (Sep`18 Rs 0.22 crore).