06 Dec 2019 | 2:29 PM

News

COMPANYNEWS
Action Construction Q2 net profit up 15.47% at Rs 14.33 cr
  |
Published on 11-14-2019
The company reported standalone net profit of Rs 14.33 crore for the quarter ended September 30 2019 as compared to Rs 12.41 crore in the same period last year registering a year-on-year growth of 15.47 per cent.


Net revenue of the company declined substantially by 22.05 per cent at Rs 268.11 crore in July-September quarter of this fiscal as against Rs 343.96 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 23.19 per cent to Rs 247.88 crore from Rs 322.70 crore in year ago period.


Other Income dipped by 49.13 per cent at Rs 1.76 crore versus (Sep`18 Rs 3.46 crore).


Operating Profit slipped by 4.84 per cent to Rs 20.23 crore as against Rs 21.26 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 22.17 per cent in September quarter.


Interest grew by 5.66 per cent y-o-y to Rs 3.36 crore while Taxation decreased by 80.03 per cent at Rs 1.24 crore (Sep`18 Rs 6.21 crore).