17 Jul 2019 | 6:49 AM

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COMPANYNEWS
Mirc Electronics posts Q2 net profit of Rs 12.04 cr
  MIRC Electronics Ltd. | 16 Jul 2019 | 04:01 PM
Published on 11-20-2017
The company reported standalone net profit during the quarter stood at Rs 12.04 crore compared to net loss of Rs 9.09 crore in the previous year quarter.


Net revenue of the company rose substantially by 36.75 per cent at Rs 201.09 crore in July-September quarter of this fiscal as against Rs 147.05 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 32.30 per cent to Rs 182.32 crore from Rs 137.81 crore in year ago period.


Other Income grew by 733.33 per cent at Rs 0.50 crore versus (Sep'16 Rs 0.06 crore).


Operating Profit surged by 101.39 per cent to Rs 18.77 crore as against Rs 9.32 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 47.16 per cent in September quarter.


Interest declined by 23.81 per cent y-o-y to Rs 4.80 crore