News Details

( 14 Nov 2019)
Vaswani Industries L posts Q2 net loss of Rs 5.21 cr

The company reported standalone net loss during the quarter stood at Rs 5.21 crore compared to net profit of Rs 3.24 crore in the previous year quarter.ÿ

Net revenue of the company rose moderately by 19.67 per cent at Rs 88.29 crore in July-September quarter of this fiscal as against Rs 73.78 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 32.55 per cent to Rs 91.96 crore from Rs 69.38 crore in year ago period.

Other Income grew by 400.00 per cent at Rs 0.10 crore versus (Sep'18 Rs 0.02 crore).

Operating Profit slipped by 183.37 per cent to Rs -3.66 crore as against Rs 4.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 169.63 per cent in September quarter.

Interest grew by 7.25 per cent y-o-y to Rs 2.22 crore, while Taxation decreased by 14.41 per cent at Rs -1.90 crore (Sep'18 Rs -2.22 crore).