04 Jul 2020 | 7:01 AM

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HPL Electric & Power Q1 net profit up 12.27% at Rs 4.85 cr
  HPL Electric & Power Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-12-2019
The company reported standalone net profit of Rs 4.85 crore for the quarter ended June 30 2019 as compared to Rs 4.32 crore in the same period last year registering a year-on-year growth of 12.27 per cent.


Net revenue of the company declined marginally by 4.90 per cent at Rs 243.55 crore in April-June quarter of this fiscal as against Rs 256.10 crore in the corresponding period last year.


During April-June quarter operating expenses dropped by 7.34 per cent to Rs 215.34 crore from Rs 232.40 crore in year ago period.


Other Income grew by 20.00 per cent at Rs 1.20 crore versus (Jun`18 Rs 1.00 crore).


Operating Profit surged by 19.03 per cent to Rs 28.21 crore as against Rs 23.70 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 25.19 per cent in June quarter.


Interest grew by 11.55 per cent y-o-y to Rs 13.71 crore while Taxation increased by 29.11 per cent at Rs 2.04 crore (Jun`18 Rs 1.58 crore).