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Published on 30/11/2020 9:30:01 AM | Source: Dion Global Solutions Ltd

Jai Balaji Industries ltd posts Q2 net loss of Rs 22.48 cr

Posted in Stock Market| #Stock Market #Quarterly Result

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The company reported standalone net loss during the quarter stood at Rs 22.48 crore as compared to net loss of Rs 31.81 crore in the previous year quarter.

Net revenue of the company rose by 5.17 per cent at Rs 679.74 crore in July-September quarter of this fiscal as against Rs 646.31 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 1.13 per cent to Rs 656.71 crore from Rs 649.39 crore in year ago period.

Other Income dipped by 97.80 per cent at Rs 0.52 crore versus (Sep'19 Rs 23.61 crore). Operating Profit surged by 850.16 per cent to Rs 23.03 crore as against Rs -3.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 806.25 per cent in September quarter. Interest declined by 20.77 per cent y-o-y to Rs 22.16 crore