10 Dec 2019 | 8:34 AM

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COMPANYNEWS
Colinz Laborator Q2 net profit down 20.00% at Rs 0.04 cr
  Colinz Laboratories Ltd. | 06 Dec 2019 | 03:41 PM
Published on 11-02-2019
The company reported standalone net profit of Rs 0.04 crore for the quarter ended September 30 2019 as compared to Rs 0.05 crore in the same period last year registering a year-on-year decline of 20.00 per cent.


Net revenue of the company declined by 0.50 per cent at Rs 1.99 crore in July-September quarter of this fiscal as against Rs 2.00 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 1.06 per cent to Rs 1.91 crore from Rs 1.89 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.03 crore versus (Sep`18 Rs 0.03 crore).


Operating Profit slipped by 27.27 per cent to Rs 0.08 crore as against Rs 0.11 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.59 per cent in September quarter.


Interest declined by 66.67 per cent y-o-y to Rs 0.01 crore while Taxation increased by 0.00 per cent at Rs 0.01 crore (Sep`18 Rs 0.01 crore).