04 Jul 2020 | 12:25 PM

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COMPANYNEWS
HSIL Q2 net profit zooms 220.77% at Rs 14.98 cr
  HSIL Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-04-2019
The company reported standalone net profit of Rs 14.98 crore for the quarter ended September 30 2019 as compared to Rs 4.67 crore in the same period last year registering a year-on-year growth of 220.77 per cent.


Net revenue of the company declined substantially by 24.53 per cent at Rs 469.93 crore in July-September quarter of this fiscal as against Rs 622.65 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 30.61 per cent to Rs 396.38 crore from Rs 571.27 crore in year ago period.


Other Income dipped by 19.06 per cent at Rs 4.12 crore versus (Sep`18 Rs 5.09 crore).


Operating Profit surged by 43.15 per cent to Rs 73.55 crore as against Rs 51.38 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 89.70 per cent in September quarter.


Interest grew by 14.39 per cent y-o-y to Rs 18.76 crore while Taxation increased by 446.15 per cent at Rs 5.68 crore (Sep`18 Rs 1.04 crore).