06 Dec 2019 | 2:28 PM

News

COMPANYNEWS
Stanpacks (India posts Q2 net loss of Rs 0.07 cr
  |
Published on 11-12-2019
The company reported standalone net loss during the quarter stood at Rs 0.07 crore compared to net profit of Rs 0.01 crore in the previous year quarter. 


Net revenue of the company declined moderately by 12.86 per cent at Rs 7.25 crore in July-September quarter of this fiscal as against Rs 8.32 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 13.10 per cent to Rs 6.70 crore from Rs 7.71 crore in year ago period.


Operating Profit slipped by 9.84 per cent to Rs 0.55 crore as against Rs 0.61 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.26 per cent in September quarter.


Interest grew by 6.67 per cent y-o-y to Rs 0.48 crore