18 Feb 2019 | 2:29 AM


Polyspin Exports Q3 net profit jumps 87.22% at Rs 3.37 cr
  Polyspin Exports Ltd. | 15 Feb 2019 | 02:17 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 3.37 crore for the quarter ended December 31 2018 as compared to Rs 1.80 crore in the same period last year registering a year-on-year growth of 87.22 per cent.

Net revenue of the company rose substantially by 23.87 per cent at Rs 58.13 crore in October-December quarter of this fiscal as against Rs 46.93 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 17.77 per cent to Rs 52.10 crore from Rs 44.24 crore in year ago period.

Other Income dipped by 60.67 per cent at Rs 0.70 crore versus (Dec`17 Rs 1.78 crore).

Operating Profit surged by 124.54 per cent to Rs 6.04 crore as against Rs 2.69 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 81.15 per cent in December quarter.

Interest grew by 21.36 per cent y-o-y to Rs 1.25 crore while Taxation increased by 48.35 per cent at Rs 1.35 crore (Dec`17 Rs 0.91 crore).