16 Jul 2019 | 6:26 PM

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COMPANYNEWS
Modison Metals L Q3 net profit up 33.33% at Rs 3.28 cr
  Modison Metals Ltd. | 16 Jul 2019 | 04:01 PM
Published on 01-31-2019
The company reported standalone net profit of Rs 3.28 crore for the quarter ended December 31 2018 as compared to Rs 2.46 crore in the same period last year registering a year-on-year growth of 33.33 per cent.


Net revenue of the company rose substantially by 24.41 per cent at Rs 57.04 crore in October-December quarter of this fiscal as against Rs 45.85 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 24.18 per cent to Rs 50.69 crore from Rs 40.82 crore in year ago period.


Other Income dipped by 16.67 per cent at Rs 0.15 crore versus (Dec`17 Rs 0.18 crore).


Operating Profit surged by 26.24 per cent to Rs 6.35 crore as against Rs 5.03 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.46 per cent in December quarter.


Interest grew by 67.86 per cent y-o-y to Rs 0.47 crore while Taxation increased by 0.68 per cent at Rs 1.47 crore (Dec`17 Rs 1.46 crore).