21 Oct 2020 | 3:55 PM

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COMPANYNEWS
20 Microns Q2 net profit up 12.09% at Rs 6.12 cr
  20 Microns Ltd. | 16 Jan 2020 | 03:42 PM
Published on 11-07-2019
The company reported standalone net profit of Rs 6.12 crore for the quarter ended September 30 2019 as compared to Rs 5.46 crore in the same period last year registering a year-on-year growth of 12.09 per cent.


Net revenue of the company rose substantially by 21.36 per cent at Rs 131.20 crore in July-September quarter of this fiscal as against Rs 108.11 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 25.09 per cent to Rs 115.87 crore from Rs 92.63 crore in year ago period.


Other Income grew by 43.96 per cent at Rs 1.31 crore versus (Sep`18 Rs 0.91 crore).


Operating Profit slipped by 0.97 per cent to Rs 15.33 crore as against Rs 15.48 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 18.37 per cent in September quarter.


Interest declined by 0.78 per cent y-o-y to Rs 5.07 crore while Taxation decreased by 30.35 per cent at Rs 2.41 crore (Sep`18 Rs 3.46 crore).