06 Dec 2019 | 2:25 PM

News

COMPANYNEWS
Elgi Rubber Co. Q2 net profit up 30.58% at Rs 3.16 cr
  |
Published on 11-18-2019
The company reported standalone net profit of Rs 3.16 crore for the quarter ended September 30 2019 as compared to Rs 2.42 crore in the same period last year registering a year-on-year growth of 30.58 per cent.


Net revenue of the company declined moderately by 15.10 per cent at Rs 44.13 crore in July-September quarter of this fiscal as against Rs 51.98 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 16.03 per cent to Rs 41.81 crore from Rs 49.79 crore in year ago period.


Other Income dipped by 9.18 per cent at Rs 5.44 crore versus (Sep`18 Rs 5.99 crore).


Operating Profit surged by 5.45 per cent to Rs 2.32 crore as against Rs 2.20 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 24.41 per cent in September quarter.


Interest declined by 17.45 per cent y-o-y to Rs 2.65 crore while Taxation decreased by 83.58 per cent at Rs 0.11 crore (Sep`18 Rs 0.67 crore).