23 Oct 2020 | 1:46 AM

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Shirpur Gold Refiner posts Q2 net loss of Rs 38.59 cr
  Shirpur Gold Refinery Ltd. | 17 Jan 2020 | 10:50 AM
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 38.59 crore compared to net profit of Rs 0.66 crore in the previous year quarter. 


Net revenue of the company declined substantially by 62.45 per cent at Rs 175.21 crore in July-September quarter of this fiscal as against Rs 466.61 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 56.02 per cent to Rs 201.88 crore from Rs 459.06 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.75 crore versus (Sep`18 Rs 0.00 crore).


Operating Profit slipped by 453.25 per cent to Rs -26.67 crore as against Rs 7.55 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1039.51 per cent in September quarter.


Interest grew by 118.29 per cent y-o-y to Rs 10.98 crore