Published on 14/02/2018 3:36:40 PM | Source: Dion Global Solutions Ltd

Rana Sugars posts Q3 net loss of Rs 19.21 cr

Posted in Stock Market| #Stock Market #Sugar #Quarterly Result

The company reported standalone net profit of Rs 1.02 crore for the quarter ended December 31, 2017 as compared to Rs 0.23 crore in the same period last year, registering a year-on-year growth of 343.48 per cent. Net revenue of the company rose three fold by 425.50 per cent at Rs 26.17 crore in October-December quarter of this fiscal as against Rs 4.98 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 340.33 per cent to Rs 23.91 crore from Rs 5.43 crore in year ago period.

Other Income grew by 375.00 per cent at Rs 0.19 crore versus (Dec'16 Rs 0.04 crore). Operating Profit surged by 193.51 per cent to Rs 2.26 crore as against Rs 0.77 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.92 per cent in December quarter. Interest grew by 26.09 per cent y-o-y to Rs 0.29 crore, while Taxation increased by 0.00 per cent at Rs 0.90 crore (Dec'16 Rs 0.00 crore).