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Published on 14/11/2019 11:45:23 AM | Source: Dion Global Solutions Ltd

Ashapura Min. Lt posts Q2 net loss of Rs 30.01 cr

The company reported standalone net loss during the quarter stood at Rs 30.01 crore as compared to net loss of Rs 57.62 crore in the previous year quarter. Net revenue of the company declined substantially by 53.42 per cent at Rs 32.55 crore in July-September quarter of this fiscal as against Rs 69.88 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 41.10 per cent to Rs 57.80 crore from Rs 98.13 crore in year ago period. Other Income dipped by 50.85 per cent at Rs 2.03 crore versus (Sep'18 Rs 4.13 crore).

Operating Profit slipped by 10.58 per cent to Rs -25.26 crore as against Rs -28.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 91.96 per cent in September quarter. Interest declined by 19.05 per cent y-o-y to Rs 1.53 crore