09 Dec 2019 | 11:58 AM

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COMPANYNEWS
SORIL Infra Resource posts Q2 net loss of Rs 3.92 cr
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Published on 11-15-2019
The company reported standalone net loss during the quarter stood at Rs 3.92 crore compared to net profit of Rs 4.24 crore in the previous year quarter. 


Net revenue of the company rose moderately by 14.79 per cent at Rs 45.10 crore in July-September quarter of this fiscal as against Rs 39.29 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 42.04 per cent to Rs 44.36 crore from Rs 31.23 crore in year ago period.


Other Income grew by 88.04 per cent at Rs 3.93 crore versus (Sep`18 Rs 2.09 crore).


Operating Profit slipped by 90.82 per cent to Rs 0.74 crore as against Rs 8.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 92.01 per cent in September quarter.


Interest grew by 93.38 per cent y-o-y to Rs 2.63 crore while Taxation increased by 0.00 per cent at Rs 0.05 crore (Sep`18 Rs 0.00 crore).