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(14/02/2020 22:30)

National Peroxid posts Q3 net loss of Rs 5.54 cr

The company reported standalone net loss during the quarter stood at Rs 5.54 crore compared to net profit of Rs 37.08 crore in the previous year quarter.ÿ

Net revenue of the company declined substantially by 67.68 per cent at Rs 31.75 crore in October-December quarter of this fiscal as against Rs 98.25 crore in the corresponding period last year.

During October-December quarter, operating expenses dropped by 8.88 per cent to Rs 39.82 crore from Rs 43.70 crore in year ago period.

Other Income dipped by 46.44 per cent at Rs 2.86 crore versus (Dec'18 Rs 5.34 crore).

Operating Profit slipped by 114.78 per cent to Rs -8.06 crore as against Rs 54.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 145.75 per cent in December quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 110.56 per cent at Rs -2.16 crore (Dec'18 Rs 20.46 crore).