News Details
Category : Company
Headline : Windsor Machines posts Q1 net loss of Rs 7.20 cr
Date: 16/09/2020 12:50
The company reported standalone net loss during the quarter stood at Rs 7.20 crore compared to net profit of Rs 12.32 crore in the previous year quarter.ΓΏ

Net revenue of the company declined substantially by 59.97 per cent at Rs 27.56 crore in April-June quarter of this fiscal as against Rs 68.85 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 52.98 per cent to Rs 30.46 crore from Rs 64.78 crore in year ago period.

Other Income dipped by 89.60 per cent at Rs 0.42 crore versus (Jun'19 Rs 4.04 crore).

Operating Profit slipped by 171.25 per cent to Rs -2.90 crore as against Rs 4.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 278.00 per cent in June quarter.

Interest declined by 20.46 per cent y-o-y to Rs 2.06 crore, while Taxation decreased by 93.09 per cent at Rs -0.70 crore (Jun'19 Rs -10.13 crore).