16 Jan 2021 | 11:34 PM

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Soma Textiles posts Q2 net loss of Rs 1.01 cr
  Soma Textiles & Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-07-2019
The company reported standalone net loss during the quarter stood at Rs 1.01 crore compared to net profit of Rs 1.86 crore in the previous year quarter. 


Net revenue of the company declined substantially by 29.04 per cent at Rs 7.21 crore in July-September quarter of this fiscal as against Rs 10.16 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 41.76 per cent to Rs 6.89 crore from Rs 11.83 crore in year ago period.


Other Income dipped by 90.36 per cent at Rs 0.19 crore versus (Sep`18 Rs 1.97 crore).


Operating Profit surged by 119.16 per cent to Rs 0.32 crore as against Rs -1.67 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 127.01 per cent in September quarter.


Interest grew by 6.29 per cent y-o-y to Rs 3.38 crore