20 Jul 2019 | 8:08 PM

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Shree Surgovind Q3 net profit down 95.54% at Rs 0.09 cr
  RR Metalmakers India Ltd. | 19 Jul 2019 | 04:01 PM
Published on 02-11-2019
The company reported standalone net profit of Rs 0.09 crore for the quarter ended December 31 2018 as compared to Rs 2.02 crore in the same period last year registering a year-on-year decline of 95.54 per cent.


Net revenue of the company rose substantially by 67.23 per cent at Rs 39.45 crore in October-December quarter of this fiscal as against Rs 23.59 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 88.62 per cent to Rs 38.61 crore from Rs 20.47 crore in year ago period.


Other Income grew by 750.00 per cent at Rs 0.17 crore versus (Dec`17 Rs 0.02 crore).


Operating Profit slipped by 73.08 per cent to Rs 0.84 crore as against Rs 3.12 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 83.99 per cent in December quarter.


Interest grew by 12.86 per cent y-o-y to Rs 0.79 crore while Taxation decreased by 71.79 per cent at Rs 0.11 crore (Dec`17 Rs 0.39 crore).