03 Aug 2020 | 3:28 PM

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COMPANYNEWS
Subex posts Q2 net loss of Rs 2.62 cr
  Subex Ltd. | 17 Jan 2020 | 10:50 AM
Published on 11-08-2019
The company reported standalone net loss during the quarter stood at Rs 2.62 crore as compared to net loss of Rs 5.34 crore in the previous year quarter.


Net revenue of the company declined substantially by 49.84 per cent at Rs 3.05 crore in July-September quarter of this fiscal as against Rs 6.08 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 58.03 per cent to Rs 4.13 crore from Rs 9.84 crore in year ago period.


Other Income grew by 2500.00 per cent at Rs 0.26 crore versus (Sep`18 Rs 0.01 crore).


Operating Profit slipped by 71.28 per cent to Rs -1.08 crore as against Rs -3.76 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 42.74 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.08 crore