RSWM posts Q2 net loss of Rs 3.39 cr
08/11/2019 19:50

The company reported standalone net loss during the quarter stood at Rs 3.39 crore compared to net profit of Rs 8.08 crore in the previous year quarter.ΓΏ

Net revenue of the company declined by 5.83 per cent at Rs 697.29 crore in July-September quarter of this fiscal as against Rs 740.49 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 4.04 per cent to Rs 653.01 crore from Rs 680.49 crore in year ago period.

Other Income grew by 15.94 per cent at Rs 9.53 crore versus (Sep'18 Rs 8.22 crore).

Operating Profit slipped by 26.20 per cent to Rs 44.28 crore as against Rs 60.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 21.60 per cent in September quarter.

Interest declined by 1.69 per cent y-o-y to Rs 28.44 crore, while Taxation decreased by 500.88 per cent at Rs -4.53 crore (Sep'18 Rs 1.13 crore).