23 Oct 2020 | 3:12 AM

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Divya Shakthi Gr Q2 net profit jumps 42.01% at Rs 4.09 cr
  Divyashakti Granites Ltd. | 16 Jan 2020 | 03:47 PM
Published on 11-02-2019
The company reported standalone net profit of Rs 4.09 crore for the quarter ended September 30 2019 as compared to Rs 2.88 crore in the same period last year registering a year-on-year growth of 42.01 per cent.


Net revenue of the company rose two fold by 200.79 per cent at Rs 19.13 crore in July-September quarter of this fiscal as against Rs 6.36 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 169.48 per cent to Rs 15.63 crore from Rs 5.80 crore in year ago period.


Other Income dipped by 45.69 per cent at Rs 2.08 crore versus (Sep`18 Rs 3.83 crore).


Operating Profit surged by 525.00 per cent to Rs 3.50 crore as against Rs 0.56 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 107.72 per cent in September quarter.


Interest grew by 300.00 per cent y-o-y to Rs 0.04 crore while Taxation decreased by 21.62 per cent at Rs 0.87 crore (Sep`18 Rs 1.11 crore).