21 Oct 2020 | 4:12 PM

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Urbaknitt Fabs posts Q3 net loss of Rs 0.28 cr
  Urbaknitt Fabs Ltd. | 10 Jan 2020 | 03:41 PM
Published on 02-12-2018
The company reported standalone net loss during the quarter stood at Rs 0.28 crore compared to net profit of Rs 0.04 crore in the previous year quarter. 


Net revenue of the company rose three fold by 1838.10 per cent at Rs 4.07 crore in October-December quarter of this fiscal as against Rs 0.21 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 1368.97 per cent to Rs 4.26 crore from Rs 0.29 crore in year ago period.


Operating Profit slipped by 385.71 per cent to Rs -0.20 crore as against Rs 0.07 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 114.71 per cent in December quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.07 crore