20 Jul 2019 | 8:08 PM

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Remsons Industries Q2 net profit down 77.97% at Rs 0.13 cr
  Remsons Industries Ltd. | 19 Jul 2019 | 04:01 PM
Published on 12-12-2017
The company reported standalone net profit of Rs 0.13 crore for the quarter ended September 30 2017 as compared to Rs 0.59 crore in the same period last year registering a year-on-year decline of 77.97 per cent.


Net revenue of the company declined moderately by 13.03 per cent at Rs 31.57 crore in July-September quarter of this fiscal as against Rs 36.30 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 13.69 per cent to Rs 30.13 crore from Rs 34.91 crore in year ago period.


Other Income grew by 300.00 per cent at Rs 0.36 crore versus (Sep'16 Rs 0.09 crore).


Operating Profit slipped by 20.88 per cent to Rs 1.44 crore as against Rs 1.82 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 9.00 per cent in September quarter.


Interest grew by 16.39 per cent y-o-y to Rs 0.71 crore while Taxation increased by 312.50 per cent at Rs 0.33 crore (Sep'16 Rs 0.08 crore).