16 Jul 2019 | 6:31 PM

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COMPANYNEWS
Remsons Industri Q3 net profit up 10.14% at Rs 0.76 cr
  Remsons Industries Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-09-2019
The company reported standalone net profit of Rs 0.76 crore for the quarter ended December 31 2018 as compared to Rs 0.69 crore in the same period last year registering a year-on-year growth of 10.14 per cent.


Net revenue of the company rose moderately by 13.64 per cent at Rs 38.15 crore in October-December quarter of this fiscal as against Rs 33.57 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 14.65 per cent to Rs 36.01 crore from Rs 31.41 crore in year ago period.


Other Income dipped by 160.00 per cent at Rs -0.12 crore versus (Dec`17 Rs 0.20 crore).


Operating Profit slipped by 1.39 per cent to Rs 2.13 crore as against Rs 2.16 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 13.20 per cent in December quarter.


Interest declined by 38.98 per cent y-o-y to Rs 0.36 crore while Taxation decreased by 33.33 per cent at Rs 0.30 crore (Dec`17 Rs 0.45 crore).