23 Oct 2020 | 3:17 AM

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COMPANYNEWS
Aro Granite Indu Q2 net profit down 84.91% at Rs 0.08 cr
  Aro Granite Industries Ltd. | 17 Jan 2020 | 10:50 AM
Published on 10-22-2019
The company reported standalone net profit of Rs 0.08 crore for the quarter ended September 30 2019 as compared to Rs 0.53 crore in the same period last year registering a year-on-year decline of 84.91 per cent.


Net revenue of the company rose marginally by 3.24 per cent at Rs 43.30 crore in July-September quarter of this fiscal as against Rs 41.94 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 3.18 per cent to Rs 38.89 crore from Rs 37.69 crore in year ago period.


Other Income dipped by 58.06 per cent at Rs 0.13 crore versus (Sep`18 Rs 0.31 crore).


Operating Profit surged by 3.76 per cent to Rs 4.41 crore as against Rs 4.25 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.49 per cent in September quarter.


Interest grew by 5.88 per cent y-o-y to Rs 1.44 crore while Taxation decreased by 38.71 per cent at Rs 0.38 crore (Sep`18 Rs 0.62 crore).