18 Feb 2019 | 2:29 AM

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COMPANYNEWS
Federal-Mogul Goetze Q3 net profit up 18.01% at Rs 18.28 cr
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Published on 02-11-2019
The company reported standalone net profit of Rs 18.28 crore for the quarter ended December 31 2018 as compared to Rs 15.49 crore in the same period last year registering a year-on-year growth of 18.01 per cent.


Net revenue of the company rose marginally by 1.00 per cent at Rs 316.38 crore in October-December quarter of this fiscal as against Rs 313.25 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 0.23 per cent to Rs 275.45 crore from Rs 276.09 crore in year ago period.


Other Income grew by 18.64 per cent at Rs 9.93 crore versus (Dec`17 Rs 8.37 crore).


Operating Profit surged by 10.17 per cent to Rs 40.94 crore as against Rs 37.16 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 9.11 per cent in December quarter.


Interest grew by 18.78 per cent y-o-y to Rs 2.34 crore while Taxation increased by 2.61 per cent at Rs 9.82 crore (Dec`17 Rs 9.57 crore).