16 Jan 2021 | 11:16 AM

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Soma Textiles posts Q1 net loss of Rs 3.38 cr
  Soma Textiles & Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 08-09-2019
The company reported standalone net loss during the quarter stood at Rs 3.38 crore as compared to net loss of Rs 2.63 crore in the previous year quarter.


Net revenue of the company declined substantially by 38.11 per cent at Rs 7.65 crore in April-June quarter of this fiscal as against Rs 12.36 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 51.93 per cent to Rs 7.24 crore from Rs 15.06 crore in year ago period.


Other Income grew by 344.44 per cent at Rs 0.40 crore versus (Jun`18 Rs 0.09 crore).


Operating Profit surged by 115.19 per cent to Rs 0.41 crore as against Rs -2.70 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 124.54 per cent in June quarter.


Interest declined by 4.57 per cent y-o-y to Rs 3.34 crore