16 Jul 2019 | 8:29 AM

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Gloster L Q2 net profit down 29.39% at Rs 10.93 cr
  Gloster Ltd.[Old] | 24 Apr 2018 | 03:41 PM
Published on 11-28-2017
The company reported standalone net profit of Rs 10.93 crore for the quarter ended September 30 2017 as compared to Rs 15.48 crore in the same period last year registering a year-on-year decline of 29.39 per cent.


Net revenue of the company declined substantially by 25.56 per cent at Rs 107.98 crore in July-September quarter of this fiscal as against Rs 145.06 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 28.70 per cent to Rs 90.45 crore from Rs 126.85 crore in year ago period.


Other Income grew by 2.91 per cent at Rs 1.77 crore versus (Sep'16 Rs 1.72 crore).


Operating Profit slipped by 28.51 per cent to Rs 17.53 crore as against Rs 24.52 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.96 per cent in September quarter.


Interest declined by 75.36 per cent y-o-y to Rs 0.17 crore while Taxation decreased by 25.52 per cent at Rs 6.07 crore (Sep'16 Rs 8.15 crore).