12 Aug 2020 | 4:09 AM

News

COMPANYNEWS
Gennex Laboratories Q1 net profit jumps 70.21% at Rs 0.80 cr
  Gennex Laboratories Ltd. | 17 Jan 2020 | 10:45 AM
Published on 08-15-2019
The company reported standalone net profit of Rs 0.80 crore for the quarter ended June 30 2019 as compared to Rs 0.47 crore in the same period last year registering a year-on-year growth of 70.21 per cent.


Net revenue of the company rose substantially by 70.44 per cent at Rs 16.09 crore in April-June quarter of this fiscal as against Rs 9.44 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 70.84 per cent to Rs 14.88 crore from Rs 8.71 crore in year ago period.


Other Income grew by 142.86 per cent at Rs 0.34 crore versus (Jun`18 Rs 0.14 crore).


Operating Profit surged by 63.51 per cent to Rs 1.21 crore as against Rs 0.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.96 per cent in June quarter.


Interest grew by 47.06 per cent y-o-y to Rs 0.25 crore while Taxation increased by 0.00 per cent at Rs 0.27 crore (Jun`18 Rs 0.00 crore).