28 Jan 2020 | 10:04 AM

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Shanti Educational I posts Q2 net loss of Rs 0.80 cr
  Shanti Educational Initiatives Ltd. | 24 Dec 2019 | 04:01 PM
Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 0.80 crore as compared to net loss of Rs 0.91 crore in the previous year quarter.


Net revenue of the company declined moderately by 17.49 per cent at Rs 2.17 crore in July-September quarter of this fiscal as against Rs 2.63 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 6.83 per cent to Rs 3.13 crore from Rs 2.93 crore in year ago period.


Other Income dipped by 17.07 per cent at Rs 0.34 crore versus (Sep`18 Rs 0.41 crore).


Operating Profit surged by 220.00 per cent to Rs -0.96 crore as against Rs -0.30 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 296.16 per cent in September quarter.


Interest declined by 13.33 per cent y-o-y to Rs 0.13 crore while Taxation decreased by 105.26 per cent at Rs -0.04 crore (Sep`18 Rs 0.76 crore).