14 Dec 2019 | 4:03 AM

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COMPANYNEWS
Sanwaria Consumer posts Q2 net loss of Rs 384.73 cr
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Published on 11-18-2019
The company reported standalone net loss during the quarter stood at Rs 384.73 crore compared to net profit of Rs 43.09 crore in the previous year quarter. 


Net revenue of the company declined substantially by 25.34 per cent at Rs 965.20 crore in July-September quarter of this fiscal as against Rs 1292.78 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 11.40 per cent to Rs 1359.77 crore from Rs 1220.66 crore in year ago period.


Operating Profit slipped by 587.55 per cent to Rs -366.05 crore as against Rs 75.08 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 752.84 per cent in September quarter.


Interest declined by 18.05 per cent y-o-y to Rs 16.80 crore