13 Aug 2020 | 11:18 AM


Spice Islands Ap posts Q1 net loss of Rs 1.42 cr
  Spice Islands Apparels Ltd. | 16 Jan 2020 | 03:38 PM
Published on 08-13-2019
The company reported standalone net loss during the quarter stood at Rs 1.42 crore as compared to net loss of Rs 1.49 crore in the previous year quarter.

Net revenue of the company declined substantially by 33.84 per cent at Rs 1.74 crore in April-June quarter of this fiscal as against Rs 2.63 crore in the corresponding period last year.

During April-June quarter operating expenses dropped by 25.74 per cent to Rs 3.03 crore from Rs 4.08 crore in year ago period.

Other Income dipped by 25.00 per cent at Rs 0.09 crore versus (Jun`18 Rs 0.12 crore).

Operating Profit slipped by 10.42 per cent to Rs -1.29 crore as against Rs -1.44 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 35.37 per cent in June quarter.

Interest declined by 37.50 per cent y-o-y to Rs 0.05 crore while Taxation increased by 225.00 per cent at Rs 0.05 crore (Jun`18 Rs -0.04 crore).