JK Agri Genetics Q2 loss widens to Rs 9.23 cr

Updated: Tue, Oct 24, 2017
03:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED

JK 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.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.