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Published on 13/11/2019 1:39:41 PM | Source: Dion Global Solutions Ltd

Andhra Cement posts Q2 net loss of Rs 28.59 cr

The company reported standalone net loss during the quarter stood at Rs 28.59 crore as compared to net loss of Rs 35.68 crore in the previous year quarter. Net revenue of the company declined substantially by 28.51 per cent at Rs 56.07 crore in July-September quarter of this fiscal as against Rs 78.43 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 34.51 per cent to Rs 49.74 crore from Rs 75.95 crore in year ago period.

Other Income dipped by 66.67 per cent at Rs 0.22 crore versus (Sep'18 Rs 0.66 crore). Operating Profit surged by 155.24 per cent to Rs 6.33 crore as against Rs 2.48 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 257.28 per cent in September quarter. Interest grew by 14.87 per cent y-o-y to Rs 31.28 crore, while Taxation increased by 3156.00 per cent at Rs -8.14 crore (Sep'18 Rs -0.25 crore).