10 Dec 2019 | 2:10 PM
1.49 hours to close market
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COMPANYNEWS
Bright Brothers Q2 net profit jumps 49.56% at Rs 1.69 cr
The company reported standalone net profit of Rs 1.69 crore for the quarter ended September 30 2019 as compared to Rs 1.13 crore in the same period last year registering a year-on-year growth of 49.56 per cent.
Net revenue of the company declined moderately by 7.28 per cent at Rs 59.72 crore in July-September quarter of this fiscal as against Rs 64.41 crore in the corresponding period last year.
During July-September quarter operating expenses dropped by 8.73 per cent to Rs 55.18 crore from Rs 60.46 crore in year ago period.
Other Income dipped by 120.00 per cent at Rs -0.04 crore versus (Sep`18 Rs 0.20 crore).
Operating Profit surged by 14.65 per cent to Rs 4.54 crore as against Rs 3.96 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 23.78 per cent in September quarter.
Interest declined by 12.88 per cent y-o-y to Rs 1.42 crore while Taxation increased by 0.00 per cent at Rs 0.02 crore (Sep`18 Rs 0.00 crore).