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Published on 18/11/2020 2:30:34 PM | Source: Dion Global Solutions Ltd

Alps Industries posts Q2 net loss of Rs 14.51 cr

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The company reported standalone net loss during the quarter stood at Rs 14.51 crore compared to net profit of Rs 8.19 crore in the previous year quarter.я Net revenue of the company declined marginally by 4.27 per cent at Rs 78.45 crore in July-September quarter of this fiscal as against Rs 81.95 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 12.05 per cent to Rs 75.62 crore from Rs 85.98 crore in year ago period. Other Income dipped by 83.53 per cent at Rs 0.14 crore versus (Sep'19 Rs 0.85 crore).

Operating Profit surged by 170.22 per cent to Rs 2.83 crore as against Rs -4.03 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 173.37 per cent in September quarter. Interest grew by 8.23 per cent y-o-y to Rs 15.39 crore