19 Sep 2020 | 8:44 PM

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COMPANYNEWS
IGC Foils L posts Q3 net profit of Rs 0.08 cr
  IGC Industries Ltd. | 11 Dec 2019 | 04:01 PM
Published on 01-16-2018
The company reported standalone net profit during the quarter stood at Rs 0.08 crore compared to net loss of Rs 0.06 crore in the previous year quarter.


Net revenue of the company rose three fold by 831.25 per cent at Rs 2.98 crore in October-December quarter of this fiscal as against Rs 0.32 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 683.78 per cent to Rs 2.90 crore from Rs 0.37 crore in year ago period.


Operating Profit surged by 250.00 per cent to Rs 0.09 crore as against Rs -0.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 115.32 per cent in December quarter.


Taxation increased by 0.00 per cent at Rs 0.01 crore (Dec'16 Rs 0.00 crore).