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Watch maker Timex Group India on Thursday reported widening of net loss to Rs 12.42 crore in the first quarter ended on June 30, 2020, hit hard by the coronavirus pandemic.
The company had posted a net loss of Rs 7 crore in the same quarter last fiscal, Timex Group India said in a regulatory filing.
Revenue from operations during the quarter under review stood at Rs 6.81 crore. It was at Rs 61.78 crore in the year-ago period, it added.
Despite the easing of lockdown restrictions in different parts of the country, the operations of the company have been adversely impacted during
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