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Simplex Projects posts Q2 net loss of Rs 2.24 cr
  Simplex Projects Ltd. | 10 Jun 2019 | 03:41 PM
Published on 01-05-2018
The company reported standalone net loss during the quarter stood at Rs 2.24 crore as compared to net loss of Rs 8.69 crore in the previous year quarter.


Net revenue of the company declined substantially by 58.15 per cent at Rs 54.42 crore in July-September quarter of this fiscal as against Rs 130.05 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 58.49 per cent to Rs 53.90 crore from Rs 129.86 crore in year ago period.


Other Income dipped by 1.14 per cent at Rs 0.87 crore versus (Sep'16 Rs 0.88 crore).


Operating Profit surged by 82.76 per cent to Rs 0.53 crore as against Rs 0.29 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 340.91 per cent in September quarter.


Interest declined by 87.05 per cent y-o-y to Rs 0.87 crore while Taxation increased by 39.44 per cent at Rs -0.99 crore (Sep'16 Rs -0.71 crore).