Published on 14/08/2019 5:14:54 PM | Source: Dion Global Solutions Ltd

Ugar Sugar Works posts Q1 net loss of Rs 36.37 cr

Posted in Stock Market| #Stock Market #Sugar #Quarterly Result

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The company reported standalone net loss during the quarter stood at Rs 36.37 crore as compared to net loss of Rs 18.91 crore in the previous year quarter. Net revenue of the company rose substantially by 34.62 per cent at Rs 218.83 crore in April-June quarter of this fiscal as against Rs 162.55 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 48.05 per cent to Rs 243.23 crore from Rs 164.29 crore in year ago period. Other Income grew by 21.62 per cent at Rs 0.45 crore versus (Jun'18 Rs 0.37 crore).

Operating Profit surged by 1302.30 per cent to Rs -24.40 crore as against Rs -1.74 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 942.06 per cent in June quarter. Interest declined by 7.55 per cent y-o-y to Rs 11.39 crore, while Taxation decreased by 345.45 per cent at Rs -2.43 crore (Jun'18 Rs 0.99 crore).