11 Dec 2019 | 10:56 PM

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COMPANYNEWS
Greenpanel Industrie Q2 net profit up 5.16% at Rs 5.50 cr
  Greenpanel Industries Ltd. | 11 Dec 2019 | 04:01 PM
Published on 11-07-2019
The company reported standalone net profit of Rs 5.50 crore for the quarter ended September 30 2019 as compared to Rs 5.23 crore in the same period last year registering a year-on-year growth of 5.16 per cent.


Net revenue of the company rose substantially by 46.50 per cent at Rs 185.50 crore in July-September quarter of this fiscal as against Rs 126.62 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 30.10 per cent to Rs 155.22 crore from Rs 119.31 crore in year ago period.


Other Income grew by 100.00 per cent at Rs 0.70 crore versus (Sep`18 Rs 0.35 crore).


Operating Profit surged by 313.66 per cent to Rs 30.28 crore as against Rs 7.32 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 182.35 per cent in September quarter.


Interest declined by 71.40 per cent y-o-y to Rs 5.64 crore while Taxation increased by 108.23 per cent at Rs 2.46 crore (Sep`18 Rs -29.90 crore).