News Details
Category : Company
Headline : GTN Textiles posts Q1 net loss of Rs 5.39 cr
Date: 16/09/2020 12:50
The company reported standalone net loss during the quarter stood at Rs 5.39 crore as compared to net loss of Rs 1.91 crore in the previous year quarter.

Net revenue of the company declined substantially by 67.58 per cent at Rs 12.31 crore in April-June quarter of this fiscal as against Rs 37.97 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 59.55 per cent to Rs 14.87 crore from Rs 36.76 crore in year ago period.

Other Income dipped by 44.44 per cent at Rs 0.05 crore versus (Jun'19 Rs 0.09 crore).

Operating Profit slipped by 311.57 per cent to Rs -2.56 crore as against Rs 1.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 752.04 per cent in June quarter.

Interest declined by 9.87 per cent y-o-y to Rs 2.10 crore