ASM Technologies Ltd posts Q2 net loss of Rs 0.69 cr
08/11/2019 19:50

The company reported standalone net loss during the quarter stood at Rs 0.69 crore compared to net profit of Rs 3.66 crore in the previous year quarter.ΓΏ

Net revenue of the company rose marginally by 2.13 per cent at Rs 20.11 crore in July-September quarter of this fiscal as against Rs 19.69 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 17.02 per cent to Rs 20.49 crore from Rs 17.51 crore in year ago period.

Other Income dipped by 81.99 per cent at Rs 0.38 crore versus (Sep'18 Rs 2.11 crore).

Operating Profit slipped by 116.97 per cent to Rs -0.37 crore as against Rs 2.18 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 116.80 per cent in September quarter.

Interest grew by 21.05 per cent y-o-y to Rs 0.23 crore, while Taxation decreased by 178.95 per cent at Rs -0.15 crore (Sep'18 Rs 0.19 crore).