JK Agri Genetics Q2 loss widens to Rs 9.23 cr
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.