30 May 2020 | 2:13 PM

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COMPANYNEWS
Foseco India Lim Q3 net profit up 18.15% at Rs 10.22 cr
  Foseco India Ltd. | 16 Jan 2020 | 03:42 PM
Published on 10-31-2019
The company reported standalone net profit of Rs 10.22 crore for the quarter ended September 30 2019 as compared to Rs 8.65 crore in the same period last year registering a year-on-year growth of 18.15 per cent.


Net revenue of the company declined moderately by 13.58 per cent at Rs 78.72 crore in July-September quarter of this fiscal as against Rs 91.09 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 12.83 per cent to Rs 67.61 crore from Rs 77.56 crore in year ago period.


Other Income grew by 138.04 per cent at Rs 2.19 crore versus (Sep`18 Rs 0.92 crore).


Operating Profit slipped by 17.89 per cent to Rs 11.11 crore as against Rs 13.53 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 4.98 per cent in September quarter.


Taxation decreased by 56.93 per cent at Rs 1.99 crore (Sep`18 Rs 4.62 crore).