06 Dec 2019 | 2:22 PM

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COMPANYNEWS
Bhandari Hosiery Q2 net profit jumps 87.32% at Rs 1.33 cr
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Published on 11-15-2019
The company reported standalone net profit of Rs 1.33 crore for the quarter ended September 30 2019 as compared to Rs 0.71 crore in the same period last year registering a year-on-year growth of 87.32 per cent.


Net revenue of the company rose substantially by 38.82 per cent at Rs 71.56 crore in July-September quarter of this fiscal as against Rs 51.55 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 41.26 per cent to Rs 66.69 crore from Rs 47.21 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.00 crore).


Operating Profit surged by 12.21 per cent to Rs 4.87 crore as against Rs 4.34 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 19.12 per cent in September quarter.


Interest declined by 6.35 per cent y-o-y to Rs 2.36 crore while Taxation increased by 62.50 per cent at Rs 0.13 crore (Sep`18 Rs 0.08 crore).