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( As on 15/11/2019 14:20) Autolite (I) posts Q2 net loss of Rs 0.77 cr

The company reported standalone net loss during the quarter stood at Rs 0.77 crore compared to net profit of Rs 0.11 crore in the previous year quarter.ÿ

Net revenue of the company declined marginally by 3.61 per cent at Rs 23.26 crore in July-September quarter of this fiscal as against Rs 24.13 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 0.99 per cent to Rs 21.96 crore from Rs 22.18 crore in year ago period.

Other Income grew by 114.29 per cent at Rs 0.15 crore versus (Sep'18 Rs 0.07 crore).

Operating Profit slipped by 33.67 per cent to Rs 1.30 crore as against Rs 1.96 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.23 per cent in September quarter.

Interest grew by 9.91 per cent y-o-y to Rs 1.22 crore
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