News Details
Headline : Mangalam Timber Products posts Q2 net loss of Rs 3.41 cr
Date: 07/12/2017 16:50
The company reported standalone net loss during the quarter stood at Rs 3.41 crore as compared to net loss of Rs 1.74 crore in the previous year quarter.

Net revenue of the company rose marginally by 4.08 per cent at Rs 3.32 crore in July-September quarter of this fiscal as against Rs 3.19 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 8.73 per cent to Rs 6.06 crore from Rs 6.64 crore in year ago period.

Other Income dipped by 90.24 per cent at Rs 0.04 crore versus (Sep'16 Rs 0.41 crore).

Operating Profit surged by 21.24 per cent to Rs -2.74 crore as against Rs -2.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 16.82 per cent in September quarter.

Interest grew by 327.08 per cent y-o-y to Rs 2.05 crore, while Taxation increased by 83.16 per cent at Rs -1.74 crore (Sep'16 Rs -0.95 crore).
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