12 Dec 2019 | 2:54 PM

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COMPANYNEWS
G G Automotive Gears Q3 net profit up 2.83% at Rs 1.09 cr
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Published on 01-18-2019
The company reported standalone net profit of Rs 1.09 crore for the quarter ended December 31 2018 as compared to Rs 1.06 crore in the same period last year registering a year-on-year growth of 2.83 per cent.


Net revenue of the company rose substantially by 21.28 per cent at Rs 13.85 crore in October-December quarter of this fiscal as against Rs 11.42 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 26.93 per cent to Rs 11.50 crore from Rs 9.06 crore in year ago period.


Other Income grew by 100.00 per cent at Rs 0.02 crore versus (Dec`17 Rs 0.01 crore).


Operating Profit slipped by 0.42 per cent to Rs 2.35 crore as against Rs 2.36 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 17.94 per cent in December quarter.


Interest grew by 37.21 per cent y-o-y to Rs 0.59 crore