08 Aug 2020 | 2:22 AM

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DCM Shriram In Q2 net profit up 8.22% at Rs 26.73 cr
  DCM Shriram Industries Ltd. | 17 Jan 2020 | 10:48 AM
Published on 10-29-2019
The company reported standalone net profit of Rs 26.73 crore for the quarter ended September 30 2019 as compared to Rs 24.70 crore in the same period last year registering a year-on-year growth of 8.22 per cent.


Net revenue of the company declined moderately by 14.32 per cent at Rs 349.96 crore in July-September quarter of this fiscal as against Rs 408.47 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 10.97 per cent to Rs 335.89 crore from Rs 377.28 crore in year ago period.


Other Income dipped by 4.79 per cent at Rs 4.97 crore versus (Sep`18 Rs 5.22 crore).


Operating Profit surged by 46.58 per cent to Rs 55.79 crore as against Rs 38.06 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 71.03 per cent in September quarter.


Interest grew by 162.91 per cent y-o-y to Rs 13.75 crore while Taxation increased by 78.14 per cent at Rs 14.75 crore (Sep`18 Rs 8.28 crore).