23 Jan 2020 | 11:11 PM

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COMPANYNEWS
Winsome Yarns posts Q2 net loss of Rs 9.03 cr
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Published on 12-12-2019
The company reported standalone net loss during the quarter stood at Rs 9.03 crore as compared to net loss of Rs 2.95 crore in the previous year quarter.


Net revenue of the company declined substantially by 63.49 per cent at Rs 25.54 crore in July-September quarter of this fiscal as against Rs 69.95 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 55.18 per cent to Rs 31.20 crore from Rs 69.61 crore in year ago period.


Other Income dipped by 47.62 per cent at Rs 0.44 crore versus (Sep`18 Rs 0.84 crore).


Operating Profit slipped by 1764.71 per cent to Rs -5.66 crore as against Rs 0.34 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4622.45 per cent in September quarter.


Interest declined by 80.00 per cent y-o-y to Rs 0.01 crore