11 Dec 2019 | 1:42 AM

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COMPANYNEWS
Guj. Raffia Indu Q3 net profit up 28.57% at Rs 0.18 cr
  Gujarat Raffia Industries Ltd. | 10 Dec 2019 | 04:01 PM
Published on 02-05-2018
The company reported standalone net profit of Rs 0.18 crore for the quarter ended December 31 2017 as compared to Rs 0.14 crore in the same period last year registering a year-on-year growth of 28.57 per cent.


Net revenue of the company rose substantially by 44.20 per cent at Rs 9.20 crore in October-December quarter of this fiscal as against Rs 6.38 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 59.18 per cent to Rs 8.50 crore from Rs 5.34 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Dec'16 Rs 0.00 crore).


Operating Profit slipped by 32.04 per cent to Rs 0.70 crore as against Rs 1.03 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 53.05 per cent in December quarter.


Interest declined by 60.53 per cent y-o-y to Rs 0.15 crore while Taxation increased by 20.00 per cent at Rs 0.06 crore (Dec'16 Rs 0.05 crore).