News Details
Category : Company
Headline : Nagreeka Exports posts Q1 net loss of Rs 8.29 cr
Date: 16/09/2020 13:10
The company reported standalone net loss during the quarter stood at Rs 8.29 crore compared to net profit of Rs 0.35 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 42.67 per cent at Rs 76.17 crore in April-June quarter of this fiscal as against Rs 132.86 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 37.89 per cent to Rs 78.83 crore from Rs 126.93 crore in year ago period.

Other Income grew by 200.00 per cent at Rs 0.06 crore versus (Jun'19 Rs 0.02 crore).

Operating Profit slipped by 144.86 per cent to Rs -2.66 crore as against Rs 5.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 178.08 per cent in June quarter.

Interest grew by 3.95 per cent y-o-y to Rs 3.95 crore, while Taxation decreased by 266.67 per cent at Rs -0.05 crore (Jun'19 Rs 0.03 crore).