Rainbow Denim said its net loss for the quarter ended June 2015 has narrowed to Rs 22.56. During the quarter, the in the same quarter previous year.
Revenues for the quarter surged 90.44% to Rs 602.20 million, compared with Rs 316 million for the prior year period.
Operating margin for the quarter stood at negative 0.35 percent as compared to a negative 25.92 percent for the previous year period. Operating loss for the quarter was Rs 2.10 million, compared with an operating loss of Rs 81.96 million in the previous year period.
Earnings per share stood negative at Rs 1.70 compared with negative Rs 7.85 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 602.20 | 316.21 | 90.44 |
| Net Profit | (22.56) | (104.26) | - |
| Diluted EPS | (1.70) | (7.85) | - |
Shares of the company gained Rs 0.32, or 4.99%, to settle at Rs 6.73. The total volume of shares traded was 11,829 at the BSE (Tuesday).
