Published on 18/11/2020 12:12:00 PM | Source: Dion Global Solutions Ltd

Hindustan NationalGl posts Q2 net loss of Rs 85.61 cr

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The company reported standalone net loss during the quarter stood at Rs 85.61 crore as compared to net loss of Rs 29.80 crore in the previous year quarter. Net revenue of the company declined moderately by 13.47 per cent at Rs 490.

10 crore in July-September quarter of this fiscal as against Rs 566.42 crore in the corresponding period last year. During July-September quarter, operating expenses dropped by 3.61 per cent to Rs 491.54 crore from Rs 509.94 crore in year ago period.

Other Income dipped by 77.51 per cent at Rs 2.51 crore versus (Sep'19 Rs 11.16 crore). Operating Profit slipped by 102.55 per cent to Rs -1.44 crore as against Rs 56.48 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 102.91 per cent in September quarter. Interest declined by 11.70 per cent y-o-y to Rs 53.11 crore