10 Jul 2020 | 9:51 PM

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COMPANYNEWS
Coromandel Agro Q2 net profit up 9.09% at Rs 0.12 cr
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Published on 11-14-2019
The company reported standalone net profit of Rs 0.12 crore for the quarter ended September 30 2019 as compared to Rs 0.11 crore in the same period last year registering a year-on-year growth of 9.09 per cent.


Net revenue of the company declined substantially by 33.00 per cent at Rs 8.59 crore in July-September quarter of this fiscal as against Rs 12.82 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 32.53 per cent to Rs 8.11 crore from Rs 12.02 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Sep`18 Rs 0.00 crore).


Operating Profit slipped by 40.74 per cent to Rs 0.48 crore as against Rs 0.81 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.67 per cent in September quarter.


Interest declined by 63.64 per cent y-o-y to Rs 0.16 crore