14 Dec 2019 | 4:00 AM

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Commercial Syn Bags Q2 net profit down 15.07% at Rs 2.93 cr
  Commercial Syn Bags Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 2.93 crore for the quarter ended September 30 2019 as compared to Rs 3.45 crore in the same period last year registering a year-on-year decline of 15.07 per cent.


Net revenue of the company declined moderately by 6.60 per cent at Rs 54.24 crore in July-September quarter of this fiscal as against Rs 58.07 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.33 per cent to Rs 48.11 crore from Rs 50.29 crore in year ago period.


Other Income grew by 325.00 per cent at Rs 0.27 crore versus (Sep`18 Rs -0.12 crore).


Operating Profit slipped by 21.21 per cent to Rs 6.13 crore as against Rs 7.78 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.61 per cent in September quarter.


Interest declined by 30.99 per cent y-o-y to Rs 1.18 crore while Taxation decreased by 35.63 per cent at Rs 0.56 crore (Sep`18 Rs 0.87 crore).