21 Oct 2020 | 3:34 PM

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COMPANYNEWS
Elegant Marbles Q2 net profit down 44.55% at Rs 0.56 cr
  Elegant Marbles & Grani Industries Ltd. | 15 Jan 2020 | 04:01 PM
Published on 11-13-2019
The company reported standalone net profit of Rs 0.56 crore for the quarter ended September 30 2019 as compared to Rs 1.01 crore in the same period last year registering a year-on-year decline of 44.55 per cent.


Net revenue of the company declined substantially by 48.10 per cent at Rs 2.59 crore in July-September quarter of this fiscal as against Rs 4.99 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 39.64 per cent to Rs 2.71 crore from Rs 4.49 crore in year ago period.


Other Income dipped by 12.50 per cent at Rs 0.70 crore versus (Sep`18 Rs 0.80 crore).


Operating Profit slipped by 125.49 per cent to Rs -0.13 crore as against Rs 0.51 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 148.67 per cent in September quarter.


Taxation decreased by 108.00 per cent at Rs -0.02 crore (Sep`18 Rs 0.25 crore).