AGC Networks posts Q2 net loss of Rs 5.46 cr
15/11/2019 12:10
The company reported standalone net loss during the quarter stood at Rs 5.46 crore as compared to net loss of Rs 4.20 crore in the previous year quarter.

Net revenue of the company rose moderately by 11.45 per cent at Rs 78.56 crore in July-September quarter of this fiscal as against Rs 70.49 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 9.59 per cent to Rs 78.77 crore from Rs 71.88 crore in year ago period.

Other Income grew by 45.21 per cent at Rs 1.06 crore versus (Sep'18 Rs 0.73 crore).

Operating Profit slipped by 84.89 per cent to Rs -0.21 crore as against Rs -1.39 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 86.29 per cent in September quarter.

Interest declined by 1.33 per cent y-o-y to Rs 4.46 crore