Published on 16/09/2020 5:04:57 PM | Source: Dion Global Solutions Ltd

Jai Balaji Industrie posts Q1 net loss of Rs 86.75 cr

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

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The company reported standalone net loss during the quarter stood at Rs 86.75 crore as compared to net loss of Rs 18.38 crore in the previous year quarter. Net revenue of the company declined substantially by 61.24 per cent at Rs 315.84 crore in April-June quarter of this fiscal as against Rs 814.79 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 54.58 per cent to Rs 357.28 crore from Rs 786.60 crore in year ago period. Other Income dipped by 72.31 per cent at Rs 0.72 crore versus (Jun'19 Rs 2.60 crore).

Operating Profit slipped by 247.00 per cent to Rs -41.44 crore as against Rs 28.19 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 479.19 per cent in June quarter. Interest declined by 11.31 per cent y-o-y to Rs 22.19 crore