11 Dec 2019 | 10:59 PM

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Ceeta Industries posts Q3 net profit of Rs 0.59 cr
  Ceeta Industries Ltd. | 11 Dec 2019 | 04:01 PM
Published on 02-15-2019
The company reported standalone net profit during the quarter stood at Rs 0.59 crore compared to net loss of Rs 0.07 crore in the previous year quarter.


Net revenue of the company rose three fold by 19350.00 per cent at Rs 3.89 crore in October-December quarter of this fiscal as against Rs 0.02 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 526.79 per cent to Rs 3.51 crore from Rs 0.56 crore in year ago period.


Other Income dipped by 5.56 per cent at Rs 0.51 crore versus (Dec`17 Rs 0.54 crore).


Operating Profit surged by 170.37 per cent to Rs 0.38 crore as against Rs -0.54 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 100.45 per cent in December quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.02 crore while Taxation increased by 850.00 per cent at Rs 0.15 crore (Dec`17 Rs -0.02 crore).