11 Aug 2020 | 9:26 PM

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COMPANYNEWS
SSPDL posts Q1 net loss of Rs 1.93 cr
  SSPDL Ltd. | 17 Jan 2020 | 10:40 AM
Published on 08-15-2019
The company reported standalone net loss during the quarter stood at Rs 1.93 crore as compared to net loss of Rs 1.20 crore in the previous year quarter.


Net revenue of the company declined substantially by 71.13 per cent at Rs 3.06 crore in April-June quarter of this fiscal as against Rs 10.60 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 65.54 per cent to Rs 3.86 crore from Rs 11.20 crore in year ago period.


Other Income dipped by 70.00 per cent at Rs 0.03 crore versus (Jun`18 Rs 0.10 crore).


Operating Profit surged by 33.33 per cent to Rs -0.80 crore as against Rs -0.60 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 362.83 per cent in June quarter.


Interest grew by 6.84 per cent y-o-y to Rs 1.25 crore while Taxation decreased by 81.25 per cent at Rs -0.09 crore (Jun`18 Rs -0.48 crore).