15 Dec 2019 | 4:57 PM

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COMPANYNEWS
Sri Lakshmi Sara posts Q3 net loss of Rs 2.46 cr
  Sri Lakshmi Saraswathi Textiles (Arni) Ltd. | 03 Dec 2019 | 04:01 PM
Published on 02-13-2019
The company reported standalone net loss during the quarter stood at Rs 2.46 crore as compared to net loss of Rs 1.14 crore in the previous year quarter.


Net revenue of the company rose moderately by 6.13 per cent at Rs 27.69 crore in October-December quarter of this fiscal as against Rs 26.09 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 10.99 per cent to Rs 29.59 crore from Rs 26.66 crore in year ago period.


Other Income dipped by 12.50 per cent at Rs 0.07 crore versus (Dec`17 Rs 0.08 crore).


Operating Profit surged by 233.33 per cent to Rs -1.90 crore as against Rs -0.57 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 216.13 per cent in December quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.26 crore