06 Dec 2019 | 2:26 PM

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COMPANYNEWS
Cenlub Industrie Q2 net profit down 71.50% at Rs 0.57 cr
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Published on 11-16-2019
The company reported standalone net profit of Rs 0.57 crore for the quarter ended September 30 2019 as compared to Rs 2.00 crore in the same period last year registering a year-on-year decline of 71.50 per cent.


Net revenue of the company declined substantially by 20.11 per cent at Rs 10.57 crore in July-September quarter of this fiscal as against Rs 13.23 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 13.81 per cent to Rs 9.61 crore from Rs 11.15 crore in year ago period.


Other Income dipped by 65.48 per cent at Rs 0.29 crore versus (Sep`18 Rs 0.84 crore).


Operating Profit slipped by 53.37 per cent to Rs 0.97 crore as against Rs 2.08 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 41.87 per cent in September quarter.


Interest declined by 20.69 per cent y-o-y to Rs 0.23 crore while Taxation decreased by 52.94 per cent at Rs 0.24 crore (Sep`18 Rs 0.51 crore).