18 Feb 2019 | 2:25 AM

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COMPANYNEWS
Gini Silk Mills posts Q3 net profit of Rs 0.58 cr
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Published on 02-11-2019
The company reported standalone net profit during the quarter stood at Rs 0.58 crore compared to net loss of Rs 0.01 crore in the previous year quarter.


Net revenue of the company declined moderately by 18.57 per cent at Rs 7.41 crore in October-December quarter of this fiscal as against Rs 9.10 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 18.63 per cent to Rs 7.12 crore from Rs 8.75 crore in year ago period.


Other Income dipped by 6.12 per cent at Rs 0.46 crore versus (Dec`17 Rs 0.49 crore).


Operating Profit slipped by 17.14 per cent to Rs 0.29 crore as against Rs 0.35 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.52 per cent in December quarter.


Interest declined by 36.36 per cent y-o-y to Rs 0.14 crore while Taxation decreased by 161.54 per cent at Rs -0.24 crore (Dec`17 Rs 0.39 crore).