09 Dec 2019 | 8:36 AM


Seasons Textiles Q2 net profit down 70.59% at Rs 0.05 cr
  Seasons Textiles Ltd. | 06 Dec 2019 | 03:42 PM
Published on 11-16-2018
The company reported standalone net profit of Rs 0.05 crore for the quarter ended September 30 2018 as compared to Rs 0.17 crore in the same period last year registering a year-on-year decline of 70.59 per cent.

Net revenue of the company declined substantially by 39.13 per cent at Rs 6.05 crore in July-September quarter of this fiscal as against Rs 9.94 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 45.26 per cent to Rs 4.68 crore from Rs 8.55 crore in year ago period.

Other Income grew by 0.00 per cent at Rs -0.02 crore versus (Sep`17 Rs 0.00 crore).

Operating Profit slipped by 1.44 per cent to Rs 1.37 crore as against Rs 1.39 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 62.35 per cent in September quarter.

Interest grew by 10.00 per cent y-o-y to Rs 0.77 crore while Taxation decreased by 33.33 per cent at Rs -0.02 crore (Sep`17 Rs -0.03 crore).