06 Dec 2019 | 6:53 AM

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COMPANYNEWS
Haryana Leather Q2 net profit up 30.77% at Rs 0.51 cr
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Published on 11-13-2019
The company reported standalone net profit of Rs 0.51 crore for the quarter ended September 30 2019 as compared to Rs 0.39 crore in the same period last year registering a year-on-year growth of 30.77 per cent.


Net revenue of the company declined by 0.46 per cent at Rs 8.69 crore in July-September quarter of this fiscal as against Rs 8.73 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.12 per cent to Rs 8.14 crore from Rs 8.49 crore in year ago period.


Other Income dipped by 37.50 per cent at Rs 0.30 crore versus (Sep`18 Rs 0.48 crore).


Operating Profit surged by 129.17 per cent to Rs 0.55 crore as against Rs 0.24 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 133.58 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.01 crore while Taxation increased by 50.00 per cent at Rs 0.15 crore (Sep`18 Rs 0.10 crore).