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( 06 Nov 2019)
Maral Overseas posts Q2 net loss of Rs 2.12 cr

The company reported standalone net loss during the quarter stood at Rs 2.12 crore compared to net profit of Rs 2.73 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 10.85 per cent at Rs 176.98 crore in July-September quarter of this fiscal as against Rs 198.53 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 8.46 per cent to Rs 174.52 crore from Rs 190.65 crore in year ago period.

Other Income grew by 327.82 per cent at Rs 5.69 crore versus (Sep'18 Rs 1.33 crore).

Operating Profit slipped by 68.78 per cent to Rs 2.46 crore as against Rs 7.88 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 64.99 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 4.68 crore, while Taxation decreased by 136.42 per cent at Rs -0.59 crore (Sep'18 Rs 1.62 crore).