17 Jan 2021 | 2:03 AM

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COMPANYNEWS
Splendid Metal Produ posts Q1 net loss of Rs 27.44 cr
  Splendid Metal Products Ltd. | 15 Jan 2020 | 04:01 PM
Published on 08-16-2019
The company reported standalone net loss during the quarter stood at Rs 27.44 crore as compared to net loss of Rs 157.84 crore in the previous year quarter.


Net revenue of the company declined substantially by 88.25 per cent at Rs 13.79 crore in April-June quarter of this fiscal as against Rs 117.35 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 90.67 per cent to Rs 30.07 crore from Rs 322.44 crore in year ago period.


Other Income dipped by 99.25 per cent at Rs 0.06 crore versus (Jun`18 Rs 8.02 crore).


Operating Profit slipped by 92.07 per cent to Rs -16.26 crore as against Rs -205.09 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 32.53 per cent in June quarter.


Taxation decreased by 88.97 per cent at Rs -5.20 crore (Jun`18 Rs -47.14 crore).