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News Details

Chordia Food Product posts Q1 net loss of Rs 3.08 cr

Back
11/08/2021 15:30
The company reported standalone net loss during the quarter stood at Rs 3.08 crore compared to net profit of Rs 0.19 crore in the previous year quarter. 

Net revenue of the company declined substantially by 20.59 per cent at Rs 15.43 crore in April-June quarter of this fiscal as against Rs 19.43 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 4.03 per cent to Rs 17.84 crore from Rs 18.59 crore in year ago period.

Operating Profit slipped by 383.53 per cent to Rs -2.41 crore as against Rs 0.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 458.72 per cent in June quarter.

Interest grew by 92.86 per cent y-o-y to Rs 0.27 crore