06 Dec 2019 | 4:26 AM

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COMPANYNEWS
Ceeta Industries Q1 net profit down 47.46% at Rs 0.31 cr
  Ceeta Industries Ltd. | 05 Dec 2019 | 04:01 PM
Published on 08-15-2019
The company reported standalone net profit of Rs 0.31 crore for the quarter ended June 30 2019 as compared to Rs 0.59 crore in the same period last year registering a year-on-year decline of 47.46 per cent.


Net revenue of the company declined substantially by 40.78 per cent at Rs 2.12 crore in April-June quarter of this fiscal as against Rs 3.58 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 35.80 per cent to Rs 2.08 crore from Rs 3.24 crore in year ago period.


Other Income dipped by 10.71 per cent at Rs 0.50 crore versus (Jun`18 Rs 0.56 crore).


Operating Profit slipped by 88.24 per cent to Rs 0.04 crore as against Rs 0.34 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 80.57 per cent in June quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.02 crore while Taxation decreased by 46.67 per cent at Rs 0.08 crore (Jun`18 Rs 0.15 crore).