News Details
Category : Company
Headline : Precision Elect. posts Q2 net loss of Rs 0.39 cr
Date: 21/11/2020 07:00
The company reported standalone net loss during the quarter stood at Rs 0.39 crore compared to net profit of Rs 0.57 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 48.88 per cent at Rs 4.58 crore in July-September quarter of this fiscal as against Rs 8.96 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 38.70 per cent to Rs 4.61 crore from Rs 7.52 crore in year ago period.

Other Income grew by 88.24 per cent at Rs 0.32 crore versus (Sep'19 Rs 0.17 crore).

Operating Profit slipped by 102.08 per cent to Rs -0.03 crore as against Rs 1.44 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 104.11 per cent in September quarter.

Interest declined by 26.56 per cent y-o-y to Rs 0.47 crore