News Details
Category : Company
Headline : Tinna Rubber and Inf posts Q1 net loss of Rs 2.11 cr
Date: 16/09/2020 13:00
The company reported standalone net loss during the quarter stood at Rs 2.11 crore compared to net profit of Rs 0.04 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 49.44 per cent at Rs 16.35 crore in April-June quarter of this fiscal as against Rs 32.34 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 44.96 per cent to Rs 15.56 crore from Rs 28.27 crore in year ago period.

Other Income grew by 145.83 per cent at Rs 0.59 crore versus (Jun'19 Rs 0.24 crore).

Operating Profit slipped by 80.59 per cent to Rs 0.79 crore as against Rs 4.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.61 per cent in June quarter.

Interest declined by 3.35 per cent y-o-y to Rs 2.31 crore, while Taxation decreased by 2500.00 per cent at Rs -0.72 crore (Jun'19 Rs 0.03 crore).