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( 14 Nov 2019)
Oriental Trimex posts Q2 net loss of Rs 0.72 cr

The company reported standalone net loss during the quarter stood at Rs 0.72 crore compared to net profit of Rs 1.79 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 46.38 per cent at Rs 11.84 crore in July-September quarter of this fiscal as against Rs 22.08 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 52.70 per cent to Rs 9.12 crore from Rs 19.28 crore in year ago period.

Other Income grew by 114.29 per cent at Rs 0.15 crore versus (Sep'18 Rs 0.07 crore).

Operating Profit slipped by 2.86 per cent to Rs 2.72 crore as against Rs 2.80 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 81.07 per cent in September quarter.

Interest grew by 3075.00 per cent y-o-y to Rs 1.27 crore, while Taxation increased by 108.70 per cent at Rs 0.96 crore (Sep'18 Rs 0.46 crore).