04 Jul 2020 | 8:34 AM


Sibar Auto Parts posts Q1 net loss of Rs 0.63 cr
  Sibar Auto Parts Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-15-2019
The company reported standalone net loss during the quarter stood at Rs 0.63 crore as compared to net loss of Rs 0.76 crore in the previous year quarter.

Net revenue of the company declined moderately by 14.37 per cent at Rs 5.54 crore in April-June quarter of this fiscal as against Rs 6.47 crore in the corresponding period last year.

During April-June quarter operating expenses dropped by 14.37 per cent to Rs 5.84 crore from Rs 6.82 crore in year ago period.

Other Income grew by 300.00 per cent at Rs 0.04 crore versus (Jun`18 Rs 0.01 crore).

Operating Profit slipped by 14.29 per cent to Rs -0.30 crore as against Rs -0.35 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.92 per cent in June quarter.

Interest declined by 31.58 per cent y-o-y to Rs 0.13 crore