10 Dec 2019 | 2:10 PM

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COMPANYNEWS
Bright Brothers Q2 net profit jumps 49.56% at Rs 1.69 cr
  Bright Brothers Ltd. | 10 Dec 2019 | 01:58 PM
Published on 11-12-2019
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).