03 Jul 2020 | 7:21 PM

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COMPANYNEWS
Sibar Auto Parts posts Q4 net loss of Rs 0.32 cr
  Sibar Auto Parts Ltd. | 16 Jan 2020 | 03:41 PM
Published on 05-30-2019
The company reported standalone net loss during the quarter stood at Rs 0.32 crore as compared to net loss of Rs 0.52 crore in the previous year quarter.


Net revenue of the company declined marginally by 4.98 per cent at Rs 6.87 crore in January-March quarter of this fiscal as against Rs 7.23 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 2.86 per cent to Rs 7.48 crore from Rs 7.70 crore in year ago period.


Other Income grew by 9.84 per cent at Rs 0.67 crore versus (Mar`18 Rs 0.61 crore).


Operating Profit surged by 32.61 per cent to Rs -0.61 crore as against Rs -0.46 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 38.16 per cent in March quarter.


Interest declined by 53.33 per cent y-o-y to Rs 0.14 crore