12 Dec 2019 | 10:27 PM

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COMPANYNEWS
Southern Online Bio posts Q2 net loss of Rs 105.37 cr
  Southern Online Bio Technologies Ltd. | 31 Jul 2019 | 04:01 PM
Published on 12-15-2017
The company reported standalone net loss during the quarter stood at Rs 105.37 crore as compared to net loss of Rs 10.99 crore in the previous year quarter.


Net revenue of the company declined substantially by 95.56 per cent at Rs 1.56 crore in July-September quarter of this fiscal as against Rs 35.10 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 162.14 per cent to Rs 101.71 crore from Rs 38.80 crore in year ago period.


Other Income dipped by 80.00 per cent at Rs 0.01 crore versus (Sep'16 Rs 0.05 crore).


Operating Profit surged by 2606.76 per cent to Rs -100.15 crore as against Rs -3.70 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 60873.74 per cent in September quarter.


Interest grew by 24.06 per cent y-o-y to Rs 5.62 crore while Taxation increased by 0.00 per cent at Rs -2.98 crore (Sep'16 Rs 0.00 crore).