06 Dec 2019 | 6:58 AM

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COMPANYNEWS
Gujarat Apollo Indus Q2 net profit down 6.77% at Rs 5.37 cr
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Published on 11-18-2019
The company reported standalone net profit of Rs 5.37 crore for the quarter ended September 30 2019 as compared to Rs 5.76 crore in the same period last year registering a year-on-year decline of 6.77 per cent.


Net revenue of the company rose triple digit by 133.77 per cent at Rs 8.86 crore in July-September quarter of this fiscal as against Rs 3.79 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 66.97 per cent to Rs 9.10 crore from Rs 5.45 crore in year ago period.


Other Income dipped by 6.56 per cent at Rs 6.98 crore versus (Sep`18 Rs 7.47 crore).


Operating Profit slipped by 85.54 per cent to Rs -0.24 crore as against Rs -1.66 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 93.76 per cent in September quarter.


Interest declined by 17.39 per cent y-o-y to Rs 0.19 crore while Taxation increased by 178.21 per cent at Rs 0.61 crore (Sep`18 Rs -0.78 crore).