18 Feb 2019 | 2:38 AM

News

COMPANYNEWS
Super Tex Indust Q3 net profit down 60.00% at Rs 0.12 cr
  Super Tex Industries Ltd. | 06 Feb 2019 | 04:01 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 0.12 crore for the quarter ended December 31 2018 as compared to Rs 0.30 crore in the same period last year registering a year-on-year decline of 60.00 per cent.


Net revenue of the company declined substantially by 42.09 per cent at Rs 16.72 crore in October-December quarter of this fiscal as against Rs 28.87 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 42.27 per cent to Rs 15.99 crore from Rs 27.70 crore in year ago period.


Other Income dipped by 25.00 per cent at Rs 0.03 crore versus (Dec`17 Rs 0.04 crore).


Operating Profit slipped by 37.61 per cent to Rs 0.73 crore as against Rs 1.17 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.90 per cent in December quarter.


Interest declined by 28.57 per cent y-o-y to Rs 0.50 crore while Taxation decreased by 90.00 per cent at Rs 0.01 crore (Dec`17 Rs 0.10 crore).