16 Jul 2019 | 6:35 PM

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Gloster Q3 net profit up 6.82% at Rs 14.09 cr
  Gloster Ltd.[Old] | 24 Apr 2018 | 03:41 PM
Published on 01-17-2018
The company reported standalone net profit of Rs 14.09 crore for the quarter ended December 31 2017 as compared to Rs 13.19 crore in the same period last year registering a year-on-year growth of 6.82 per cent.


Net revenue of the company rose moderately by 13.54 per cent at Rs 118.57 crore in October-December quarter of this fiscal as against Rs 104.43 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 12.40 per cent to Rs 97.26 crore from Rs 86.53 crore in year ago period.


Other Income grew by 43.17 per cent at Rs 2.62 crore versus (Dec'16 Rs 1.83 crore).


Operating Profit surged by 1.62 per cent to Rs 21.31 crore as against Rs 20.97 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.51 per cent in December quarter.


Interest declined by 74.24 per cent y-o-y to Rs 0.17 crore while Taxation increased by 8.86 per cent at Rs 7.62 crore (Dec'16 Rs 7.00 crore).