18 Feb 2019 | 2:30 AM


Sangam Renewables Q3 net profit zooms 200.00% at Rs 0.03 cr
  Sangam Renewables Ltd. | 15 Feb 2019 | 01:46 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 0.03 crore for the quarter ended December 31 2018 as compared to Rs 0.01 crore in the same period last year registering a year-on-year growth of 200.00 per cent.

Net revenue of the company rose two fold by 240.54 per cent at Rs 1.26 crore in October-December quarter of this fiscal as against Rs 0.37 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 29.41 per cent to Rs 0.44 crore from Rs 0.34 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.15 crore versus (Dec`17 Rs 0.00 crore).

Operating Profit surged by 2633.33 per cent to Rs 0.82 crore as against Rs 0.03 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 751.77 per cent in December quarter.

Interest grew by 8600.00 per cent y-o-y to Rs 0.87 crore while Taxation increased by 0.00 per cent at Rs 0.03 crore (Dec`17 Rs 0.00 crore).