14 Dec 2019 | 11:22 AM

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COMPANYNEWS
S&S Power Switgear posts Q2 net loss of Rs 0.31 cr
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Published on 11-21-2019
The company reported standalone net loss during the quarter stood at Rs 0.31 crore as compared to net loss of Rs 0.07 crore in the previous year quarter.


Net revenue of the company rose three fold by 11800.00 per cent at Rs 1.19 crore in July-September quarter of this fiscal as against Rs 0.01 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 81.91 per cent to Rs 1.71 crore from Rs 0.94 crore in year ago period.


Other Income dipped by 46.96 per cent at Rs 0.61 crore versus (Sep`18 Rs 1.15 crore).


Operating Profit slipped by 44.09 per cent to Rs -0.52 crore as against Rs -0.93 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 99.53 per cent in September quarter.


Interest grew by 11.11 per cent y-o-y to Rs 0.30 crore while Taxation increased by 0.00 per cent at Rs -0.01 crore (Sep`18 Rs -0.01 crore).