29 Sep 2020 | 4:51 PM

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HPL Electric & Power Q2 net profit up 6.33% at Rs 6.05 cr
  HPL Electric & Power Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-15-2019
The company reported standalone net profit of Rs 6.05 crore for the quarter ended September 30 2019 as compared to Rs 5.69 crore in the same period last year registering a year-on-year growth of 6.33 per cent.


Net revenue of the company declined marginally by 3.78 per cent at Rs 262.10 crore in July-September quarter of this fiscal as against Rs 272.39 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 5.24 per cent to Rs 230.90 crore from Rs 243.67 crore in year ago period.


Other Income dipped by 50.55 per cent at Rs 0.45 crore versus (Sep`18 Rs 0.91 crore).


Operating Profit surged by 8.60 per cent to Rs 31.20 crore as against Rs 28.73 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 12.80 per cent in September quarter.


Interest grew by 1.77 per cent y-o-y to Rs 14.37 crore while Taxation decreased by 3.46 per cent at Rs 2.23 crore (Sep`18 Rs 2.31 crore).