23 Oct 2020 | 2:16 AM

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Hind. Tin Works Q2 net profit jumps 83.12% at Rs 4.23 cr
  Hindustan Tin Works Ltd. | 17 Jan 2020 | 10:47 AM
Published on 12-10-2019
The company reported standalone net profit of Rs 4.23 crore for the quarter ended September 30 2019 as compared to Rs 2.31 crore in the same period last year registering a year-on-year growth of 83.12 per cent.


Net revenue of the company declined moderately by 8.67 per cent at Rs 80.83 crore in July-September quarter of this fiscal as against Rs 88.50 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.26 per cent to Rs 73.79 crore from Rs 81.32 crore in year ago period.


Other Income grew by 32.88 per cent at Rs 1.94 crore versus (Sep`18 Rs 1.46 crore).


Operating Profit slipped by 1.81 per cent to Rs 7.05 crore as against Rs 7.18 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.39 per cent in September quarter.


Interest grew by 3.03 per cent y-o-y to Rs 2.72 crore while Taxation decreased by 105.08 per cent at Rs -0.09 crore (Sep`18 Rs 1.77 crore).