10 Dec 2019 | 8:42 AM

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Suncity Syntheti posts Q4 net loss of Rs 0.09 cr
  Suncity Synthetics Ltd. | 05 Dec 2019 | 04:01 PM
Published on 06-03-2019
The company reported standalone net loss during the quarter stood at Rs 0.09 crore compared to net profit of Rs 1.38 crore in the previous year quarter. 


Net revenue of the company rose substantially by 64.11 per cent at Rs 15.82 crore in January-March quarter of this fiscal as against Rs 9.64 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 115.76 per cent to Rs 15.06 crore from Rs 6.98 crore in year ago period.


Other Income grew by 121.43 per cent at Rs 0.03 crore versus (Mar`18 Rs -0.14 crore).


Operating Profit slipped by 71.43 per cent to Rs 0.76 crore as against Rs 2.66 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 82.54 per cent in March quarter.


Interest declined by 21.43 per cent y-o-y to Rs 0.33 crore while Taxation increased by 83.33 per cent at Rs 0.11 crore (Mar`18 Rs 0.06 crore).