08 Dec 2019 | 11:47 AM

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COMPANYNEWS
Seasons Textiles posts Q4 net loss of Rs 0.07 cr
  Seasons Textiles Ltd. | 06 Dec 2019 | 03:42 PM
Published on 05-31-2019
The company reported standalone net loss during the quarter stood at Rs 0.07 crore compared to net profit of Rs 0.01 crore in the previous year quarter. 


Net revenue of the company rose triple digit by 137.27 per cent at Rs 17.06 crore in January-March quarter of this fiscal as against Rs 7.19 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 150.00 per cent to Rs 15.55 crore from Rs 6.22 crore in year ago period.


Other Income dipped by 28.57 per cent at Rs 0.05 crore versus (Mar`18 Rs 0.07 crore).


Operating Profit surged by 55.67 per cent to Rs 1.51 crore as against Rs 0.97 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 34.49 per cent in March quarter.


Interest grew by 58.00 per cent y-o-y to Rs 0.79 crore while Taxation increased by 0.00 per cent at Rs 0.28 crore (Mar`18 Rs 0.00 crore).