21 May 2019 | 9:26 AM

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Sangal Papers Li Q3 net profit down 44.44% at Rs 0.40 cr
  Sangal Papers Ltd. | 15 May 2019 | 03:41 PM
Published on 02-14-2018
The company reported standalone net profit of Rs 0.40 crore for the quarter ended December 31 2017 as compared to Rs 0.72 crore in the same period last year registering a year-on-year decline of 44.44 per cent.


Net revenue of the company rose moderately by 13.60 per cent at Rs 30.90 crore in October-December quarter of this fiscal as against Rs 27.20 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 15.56 per cent to Rs 29.71 crore from Rs 25.71 crore in year ago period.


Other Income grew by 71.43 per cent at Rs 0.12 crore versus (Dec'16 Rs 0.07 crore).


Operating Profit slipped by 19.61 per cent to Rs 1.23 crore as against Rs 1.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 29.06 per cent in December quarter.


Interest declined by 7.27 per cent y-o-y to Rs 0.51 crore while Taxation increased by 0.00 per cent at Rs 0.18 crore (Dec'16 Rs 0.00 crore).