15 Dec 2019 | 4:58 PM

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COMPANYNEWS
Glittek Granites posts Q2 net profit of Rs 0.12 cr
  Glittek Granites Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net profit during the quarter stood at Rs 0.12 crore compared to net loss of Rs 0.34 crore in the previous year quarter.


Net revenue of the company declined marginally by 4.58 per cent at Rs 5.42 crore in July-September quarter of this fiscal as against Rs 5.68 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 13.56 per cent to Rs 4.78 crore from Rs 5.53 crore in year ago period.


Other Income dipped by 22.22 per cent at Rs 0.07 crore versus (Sep`18 Rs 0.09 crore).


Operating Profit surged by 326.67 per cent to Rs 0.64 crore as against Rs 0.15 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 354.05 per cent in September quarter.


Interest grew by 56.00 per cent y-o-y to Rs 0.39 crore while Taxation increased by 0.00 per cent at Rs -0.03 crore (Sep`18 Rs 0.00 crore).