06 Dec 2019 | 2:35 PM

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COMPANYNEWS
Endurance Technologi Q2 net profit jumps 44.37% at Rs 136.56 cr
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Published on 11-14-2019
The company reported standalone net profit of Rs 136.56 crore for the quarter ended September 30 2019 as compared to Rs 94.59 crore in the same period last year registering a year-on-year growth of 44.37 per cent.


Net revenue of the company declined moderately by 9.97 per cent at Rs 1292.04 crore in July-September quarter of this fiscal as against Rs 1435.07 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 12.34 per cent to Rs 1095.37 crore from Rs 1249.55 crore in year ago period.


Other Income grew by 59.17 per cent at Rs 8.42 crore versus (Sep`18 Rs 5.29 crore).


Operating Profit surged by 6.02 per cent to Rs 196.67 crore as against Rs 185.51 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 17.71 per cent in September quarter.


Interest declined by 17.20 per cent y-o-y to Rs 3.13 crore while Taxation decreased by 66.15 per cent at Rs 16.66 crore (Sep`18 Rs 49.21 crore).