06 Dec 2019 | 7:25 PM

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COMPANYNEWS
Bhilwara Spinner Q3 net profit zooms 14600.00% at Rs 4.41 cr
  Bhilwara Spinners Ltd. | 06 Dec 2019 | 03:34 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 4.41 crore for the quarter ended December 31 2018 as compared to Rs 0.03 crore in the same period last year registering a year-on-year growth of 14600.00 per cent.


Net revenue of the company rose marginally by 2.00 per cent at Rs 1.02 crore in October-December quarter of this fiscal as against Rs 1.00 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 24.04 per cent to Rs 1.29 crore from Rs 1.04 crore in year ago period.


Other Income grew by 41.67 per cent at Rs 0.17 crore versus (Dec`17 Rs 0.12 crore).


Operating Profit surged by 575.00 per cent to Rs -0.27 crore as against Rs -0.04 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 573.15 per cent in December quarter.


Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 3366.67 per cent at Rs 1.04 crore (Dec`17 Rs 0.03 crore).