10 Dec 2019 | 8:41 AM

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Fiberweb (India) Q2 net profit down 29.48% at Rs 4.09 cr
  Fiberweb (India) Ltd. | 09 Dec 2019 | 04:01 PM
Published on 11-08-2019
The company reported standalone net profit of Rs 4.09 crore for the quarter ended September 30 2019 as compared to Rs 5.80 crore in the same period last year registering a year-on-year decline of 29.48 per cent.


Net revenue of the company rose marginally by 1.38 per cent at Rs 32.38 crore in July-September quarter of this fiscal as against Rs 31.94 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 7.93 per cent to Rs 27.21 crore from Rs 25.21 crore in year ago period.


Other Income dipped by 6.45 per cent at Rs 0.29 crore versus (Sep`18 Rs 0.31 crore).


Operating Profit slipped by 23.18 per cent to Rs 5.17 crore as against Rs 6.73 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.17 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.22 crore