29 Feb 2020 | 1:02 PM

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Albert David Ltd Q2 net profit zooms 1831.71% at Rs 7.92 cr
  Albert David Ltd. | 16 Jan 2020 | 03:46 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 7.92 crore for the quarter ended September 30 2019 as compared to Rs 0.41 crore in the same period last year registering a year-on-year growth of 1831.71 per cent.


Net revenue of the company rose moderately by 15.11 per cent at Rs 89.61 crore in July-September quarter of this fiscal as against Rs 77.85 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 2.03 per cent to Rs 77.07 crore from Rs 75.54 crore in year ago period.


Other Income grew by 16.80 per cent at Rs 1.46 crore versus (Sep`18 Rs 1.25 crore).


Operating Profit surged by 445.22 per cent to Rs 12.54 crore as against Rs 2.30 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 372.64 per cent in September quarter.


Interest declined by 4.76 per cent y-o-y to Rs 0.20 crore while Taxation increased by 272.90 per cent at Rs 3.99 crore (Sep`18 Rs 1.07 crore).