24 Oct 2020 | 3:39 AM

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COMPANYNEWS
Union Quality Pl posts Q2 net loss of Rs 1.91 cr
  Union Quality Plastics Ltd. | 17 Jan 2020 | 10:35 AM
Published on 11-14-2019
The company reported standalone net loss during the quarter stood at Rs 1.91 crore compared to net profit of Rs 0.73 crore in the previous year quarter. 


Net revenue of the company declined substantially by 61.92 per cent at Rs 4.36 crore in July-September quarter of this fiscal as against Rs 11.45 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 40.69 per cent to Rs 5.70 crore from Rs 9.61 crore in year ago period.


Operating Profit slipped by 172.83 per cent to Rs -1.34 crore as against Rs 1.84 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 290.78 per cent in September quarter.


Interest grew by 147.37 per cent y-o-y to Rs 0.94 crore while Taxation decreased by 2250.00 per cent at Rs -0.43 crore (Sep`18 Rs 0.02 crore).