07 Dec 2019 | 3:38 PM

News

COMPANYNEWS
Sri Lakshmi Sara posts Q4 net loss of Rs 1.90 cr
  Sri Lakshmi Saraswathi Textiles (Arni) Ltd. | 03 Dec 2019 | 04:01 PM
Published on 05-28-2019
The company reported standalone net loss during the quarter stood at Rs 1.90 crore compared to net profit of Rs 0.48 crore in the previous year quarter. 


Net revenue of the company rose moderately by 12.85 per cent at Rs 27.93 crore in January-March quarter of this fiscal as against Rs 24.75 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 9.38 per cent to Rs 28.79 crore from Rs 26.32 crore in year ago period.


Other Income dipped by 92.65 per cent at Rs 0.05 crore versus (Mar`18 Rs 0.68 crore).


Operating Profit slipped by 45.57 per cent to Rs -0.86 crore as against Rs -1.58 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 51.33 per cent in March quarter.


Interest grew by 1416.67 per cent y-o-y to Rs 0.91 crore while Taxation increased by 0.00 per cent at Rs 0.05 crore (Mar`18 Rs 0.00 crore).