11 Jul 2020 | 10:24 PM

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COMPANYNEWS
Spentex Indust. posts Q3 net loss of Rs 13.80 cr
  CLC Industries Ltd. | 15 Jan 2020 | 04:01 PM
Published on 02-13-2019
The company reported standalone net loss during the quarter stood at Rs 13.80 crore as compared to net loss of Rs 113.71 crore in the previous year quarter.


Net revenue of the company declined substantially by 43.48 per cent at Rs 55.64 crore in October-December quarter of this fiscal as against Rs 98.45 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 66.83 per cent to Rs 68.84 crore from Rs 207.54 crore in year ago period.


Other Income grew by 301.92 per cent at Rs 2.09 crore versus (Dec`17 Rs 0.52 crore).


Operating Profit slipped by 87.90 per cent to Rs -13.20 crore as against Rs -109.09 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 78.60 per cent in December quarter.


Interest declined by 90.51 per cent y-o-y to Rs 0.26 crore