Usher Agro loss increased by 9.21% in current quarter (Q2) FY 2018-19

Source

Team Infinities:

Usher Agro Limited NSE:USHERAGRO, BSE:532765 has declared its 2nd(second) quarter financial report for fiscal year 2018-2019 from the month of July, 2018 to the month of September, 2018.

Details2nd(second) Quarter6 Months End
ReportedCurrent QuarterPrevious QuarterCorresponding Quarter6 Months EndCorresponding 6 Months End
12.686211.240925.170523.927148.8792
CalculatedChangeChange %ChangeChange %ChangeChange %
1.4512.90(II)-12.48-49.58(ID)-24.95-51.04(ID)

Income/Sales: Usher Agro Limited has reported in its financial report that, the company has achieved net income of Rs.12.6862 Crore (from the month of July, 2018 to the month of September, 2018). It reflects that the company's net income increased by 12.90%, for income increase of Rs.1.45 Crore, in compare to previous quarter(April-June,2018), when the company achieved net income of Rs.11.2409 Crore.
The result also shows that the company's income decreased by 49.58%, for income decrease of Rs.12.48 Crore in current quarter, in compare to corresponding 2nd(second) quarter(July-September,2017) when the company reported income of Rs.25.1705 Crore.
The Company also reported total income of Rs.23.9271 Crore in 6 months ended(April,2018 - September,2018) income report, which reflects that the company's income decreased by 318.81%, for income decrease of Rs.75.24 Crore, in compare to corresponding 6 months ended(April,2017 - September,2017), when the company reported income of Rs.48.8792 Crore.

Details2nd(second) Quarter6 Months End
ReportedCurrent QuarterPrevious QuarterCorresponding Quarter6 Months EndCorresponding 6 Months End
51.5908(L)47.2441(L)11.2322(L)98.8349(L)23.5999(L)
CalculatedChangeChange %ChangeChange %ChangeChange %
-4.35-9.21(LI)-40.36-359.32(LI)-75.24-318.81(LI)

Profit/Loss: In its financial report the company informed that the company has reported net loss of Rs.51.5908 Crore in current quarter(from the month of July, 2018 to the month of September, 2018). It reflects that, the company's net loss increased by 9.21%, for loss increase of Rs.4.35 Crore, in compare to previous quarter(April-June,2018), when the company reported net loss of Rs.47.2441 Crore.
It also reflects that the company's net loss increased by 359.32%, for loss increase of Rs.40.36 Crore, in compare to corresponding quarter(July-September,2017), when the company reported net loss of Rs.11.2322 Crore.
The company also reported total loss of Rs.98.8349 Crore in 6 months ended(April,2018 - September,2018) financial report, which reflects that, the company's net loss increased by 318.81%, for loss increase of Rs. 75.24 Crore, in compare to corresponding 6 months ended(April,2017 - September,2017), when the company reported net loss of Rs.23.5999 Crore.

***Figures are give in Crore Indian Rupees(INR)***.
Acronym
------------------------
II=Income Increased
ID=Income Decreased
LI=Loss Increased
P = Profit.
L = Loss.
1 Lakh = 100,000.
1 Million = 10 Lakhs.
1 Crore = 10 Million.
1 Crore = 100 Lakhs.
1 Billion = 1000 Millions.
1 Billion = 100 Crores.