13 Aug 2020 | 11:17 AM

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Gennex Laboratories Q2 net profit up 16.67% at Rs 0.56 cr
  Gennex Laboratories Ltd. | 17 Jan 2020 | 10:45 AM
Published on 11-18-2019
The company reported standalone net profit of Rs 0.56 crore for the quarter ended September 30 2019 as compared to Rs 0.48 crore in the same period last year registering a year-on-year growth of 16.67 per cent.


Net revenue of the company rose substantially by 24.30 per cent at Rs 13.40 crore in July-September quarter of this fiscal as against Rs 10.78 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 24.13 per cent to Rs 12.50 crore from Rs 10.07 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.20 crore versus (Sep`18 Rs 0.00 crore).


Operating Profit surged by 0.00 per cent to Rs 0.89 crore as against Rs 0.89 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 19.25 per cent in September quarter.


Interest grew by 12.50 per cent y-o-y to Rs 0.18 crore while Taxation increased by 0.00 per cent at Rs 0.19 crore (Sep`18 Rs 0.00 crore).