Markets

Market Nav

News Details

15/11/2024 15:50

Eastcoast Steel posts Q2 net loss of Rs 0.80 cr

The company reported standalone net loss during the quarter stood at Rs 0.80 crore compared to net profit of Rs 0.17 crore in the previous year quarter.ÿ

Net revenue of the company declined moderately by 6.52 per cent at Rs 2.15 crore in July-September quarter of this fiscal as against Rs 2.30 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 12.69 per cent to Rs 3.02 crore from Rs 2.68 crore in year ago period.

Other Income dipped by 75.56 per cent at Rs 0.11 crore versus (Sep'23 Rs 0.45 crore).

Operating Profit surged by 128.95 per cent to Rs -0.87 crore as against Rs -0.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 146.26 per cent in September quarter.

Taxation increased by 155.56 per cent at Rs 0.05 crore (Sep'23 Rs -0.09 crore).