19 Jan 2021 | 4:21 AM

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COMPANYNEWS
Shree Rajeshwara posts Q1 net loss of Rs 1.53 cr
  Shree Rajeshwaranand Paper Mills Ltd. | 17 Jan 2020 | 09:59 AM
Published on 08-14-2019
The company reported standalone net loss during the quarter stood at Rs 1.53 crore compared to net profit of Rs 0.34 crore in the previous year quarter. 


Net revenue of the company declined substantially by 43.38 per cent at Rs 21.04 crore in April-June quarter of this fiscal as against Rs 37.16 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 40.21 per cent to Rs 19.60 crore from Rs 32.78 crore in year ago period.


Other Income grew by 1114.29 per cent at Rs 0.85 crore versus (Jun`18 Rs 0.07 crore).


Operating Profit slipped by 67.12 per cent to Rs 1.44 crore as against Rs 4.38 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 41.77 per cent in June quarter.


Interest declined by 9.69 per cent y-o-y to Rs 2.05 crore