JK Agri Genetics Q2 loss widens to Rs 9.23 cr
RBI Monetary Policy Update: Rate of money creation to pick up pace! All you need to know
RBI Governor Shaktikanta Das hints at softer approach on rates
Tax surcharge on rich: FM Sitharaman, PMO to meet FinMin officials on SaturdayJK Agri Genetics today reported a standalone net loss of Rs 9.23 crore in the quarter ended September 30, on sharp fall in revenue.
The company had posted a loss of Rs 7.37 crore in the same quarter of 2016-17 fiscal, the company said in a BSE filing.
Net revenue declined sharply to Rs 6.75 crore in July- September of 2017-18 fiscal from Rs 13.50 crore in the year- ago period.
Expenses, however, remained slightly lower at Rs 21.17 crore as against Rs 25.14 crore in the said period.
Shares of JK Agri Genetics, which sells both agri and allied products, fell sharply by 4.99 per cent to settle at Rs 1,265.75 a piece on BSE following poor quarterly performance.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Auto industry's pain oozes to other businesses, causes hardships to economy and job holders
US-China trade war: Top 5 perspectives on the Indian credit experience