16 Jan 2021 | 12:21 PM

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COMPANYNEWS
Sri Chakra Cemen posts Q2 net loss of Rs 2.46 cr
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Published on 11-07-2019
The company reported standalone net loss during the quarter stood at Rs 2.46 crore compared to net profit of Rs 0.28 crore in the previous year quarter. 


Net revenue of the company declined substantially by 36.56 per cent at Rs 29.53 crore in July-September quarter of this fiscal as against Rs 46.55 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 31.75 per cent to Rs 30.55 crore from Rs 44.76 crore in year ago period.


Other Income grew by 43.85 per cent at Rs 1.87 crore versus (Sep`18 Rs 1.30 crore).


Operating Profit slipped by 156.74 per cent to Rs -1.01 crore as against Rs 1.78 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 189.82 per cent in September quarter.


Interest grew by 43.70 per cent y-o-y to Rs 1.71 crore