03 Jul 2020 | 7:56 PM

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COMPANYNEWS
Shree Metalloys posts Q1 net loss of Rs 0.01 cr
  Shree Metalloys Ltd. | 06 Jan 2020 | 03:41 PM
Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 0.01 crore compared to net profit of Rs 0.01 crore in the previous year quarter. 


Net revenue of the company declined substantially by 53.34 per cent at Rs 6.07 crore in April-June quarter of this fiscal as against Rs 13.01 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 53.14 per cent to Rs 5.97 crore from Rs 12.74 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Jun`18 Rs 0.00 crore).


Operating Profit slipped by 62.96 per cent to Rs 0.10 crore as against Rs 0.27 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 16.83 per cent in June quarter.


Interest declined by 57.14 per cent y-o-y to Rs 0.09 crore