Published on 16/09/2020 4:52:31 PM | Source: Dion Global Solutions Ltd

Liberty Shoes Ltd posts Q1 net loss of Rs 10.87 cr

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

The company reported standalone net loss during the quarter stood at Rs 10.87 crore compared to net profit of Rs 2.36 crore in the previous year quarter.  Net revenue of the company declined substantially by 69.50 per cent at Rs 51.29 crore in April-June quarter of this fiscal as against Rs 168.19 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 67.92 per cent to Rs 50.62 crore from Rs 157.77 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.06 crore versus (Jun'19 Rs 0.06 crore).

Operating Profit slipped by 93.47 per cent to Rs 0.68 crore as against Rs 10.42 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 78.68 per cent in June quarter. Interest grew by 4.04 per cent y-o-y to Rs 3.35 crore