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( As on 16/11/2018 07:08) DCW posts Q2 net loss of Rs 1.17 cr

The company reported standalone net loss during the quarter stood at Rs 1.17 crore as compared to net loss of Rs 8.92 crore in the previous year quarter.

Net revenue of the company rose substantially by 25.74 per cent at Rs 343.39 crore in July-September quarter of this fiscal as against Rs 273.09 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 23.50 per cent to Rs 300.43 crore from Rs 243.27 crore in year ago period.

Other Income dipped by 48.07 per cent at Rs 0.94 crore versus (Sep'17 Rs 1.81 crore).

Operating Profit surged by 42.08 per cent to Rs 42.95 crore as against Rs 30.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 13.01 per cent in September quarter.

Interest grew by 4.59 per cent y-o-y to Rs 24.37 crore, while Taxation decreased by 82.00 per cent at Rs -0.72 crore (Sep'17 Rs -4.00 crore).