06 Dec 2019 | 6:54 AM

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COMPANYNEWS
Sanco Industries posts Q2 net loss of Rs 0.30 cr
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Published on 11-21-2019
The company reported standalone net loss during the quarter stood at Rs 0.30 crore compared to net profit of Rs 0.30 crore in the previous year quarter. 


Net revenue of the company declined substantially by 59.81 per cent at Rs 10.98 crore in July-September quarter of this fiscal as against Rs 27.32 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 56.63 per cent to Rs 10.86 crore from Rs 25.04 crore in year ago period.


Other Income grew by 200.00 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.01 crore).


Operating Profit slipped by 94.74 per cent to Rs 0.12 crore as against Rs 2.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 86.48 per cent in September quarter.


Interest declined by 79.01 per cent y-o-y to Rs 0.34 crore