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     Prices as on Oct 30, 2020 - 9:46AM     
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  Wipro Ltd 343.2 [ 1.67% ]

News Details

Eurotex Inds. posts Q1 net loss of Rs 1.50 cr

Back
12/09/2020 19:30
The company reported standalone net loss during the quarter stood at Rs 1.50 crore as compared to net loss of Rs 4.18 crore in the previous year quarter.

Net revenue of the company declined substantially by 71.89 per cent at Rs 4.48 crore in April-June quarter of this fiscal as against Rs 15.94 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 71.72 per cent to Rs 6.08 crore from Rs 21.50 crore in year ago period.

Other Income dipped by 41.82 per cent at Rs 0.32 crore versus (Jun'19 Rs 0.55 crore).

Operating Profit slipped by 71.22 per cent to Rs -1.60 crore as against Rs -5.56 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.61 per cent in June quarter.

Interest declined by 96.61 per cent y-o-y to Rs 0.04 crore, while Taxation decreased by 74.40 per cent at Rs -0.75 crore (Jun'19 Rs -2.93 crore).