18 Feb 2019 | 2:42 AM

News

COMPANYNEWS
Mazda Q3 net profit zooms 197.40% at Rs 5.71 cr
  Mazda Ltd. | 15 Feb 2019 | 02:38 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 5.71 crore for the quarter ended December 31 2018 as compared to Rs 1.92 crore in the same period last year registering a year-on-year growth of 197.40 per cent.


Net revenue of the company rose moderately by 15.24 per cent at Rs 30.33 crore in October-December quarter of this fiscal as against Rs 26.32 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 2.61 per cent to Rs 23.13 crore from Rs 23.75 crore in year ago period.


Other Income grew by 110.17 per cent at Rs 1.24 crore versus (Dec`17 Rs 0.59 crore).


Operating Profit surged by 123.60 per cent to Rs 7.20 crore as against Rs 3.22 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 93.87 per cent in December quarter.


Interest grew by 237.50 per cent y-o-y to Rs 0.27 crore while Taxation increased by 60.38 per cent at Rs 1.70 crore (Dec`17 Rs 1.06 crore).