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Sreechem Resins posts Q2 net loss of Rs 0.56 cr

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Dion Global

13 Nov 2024

The company reported standalone net loss during the quarter stood at Rs 0.56 crore as compared to net loss of Rs 0.07 crore in the previous year quarter.

Net revenue of the company rose marginally by 3.81 per cent at Rs 8.45 crore in July-September quarter of this fiscal as against Rs 8.14 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 9.69 per cent to Rs 8.83 crore from Rs 8.05 crore in year ago period.

Other Income dipped by 75.00 per cent at Rs 0.01 crore versus (Sep'23 Rs 0.04 crore).

Operating Profit slipped by 522.22 per cent to Rs -0.38 crore as against Rs 0.09 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 508.18 per cent in September quarter.

Interest declined by 14.29 per cent y-o-y to Rs 0.06 crore