21 Oct 2020 | 5:36 AM

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Inani Marbles & Q2 net profit down 95.00% at Rs 0.03 cr
  Inani Marbles & Industries Ltd. | 16 Jan 2020 | 03:41 PM
Published on 11-12-2019
The company reported standalone net profit of Rs 0.03 crore for the quarter ended September 30 2019 as compared to Rs 0.60 crore in the same period last year registering a year-on-year decline of 95.00 per cent.


Net revenue of the company declined substantially by 46.67 per cent at Rs 6.01 crore in July-September quarter of this fiscal as against Rs 11.27 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 47.00 per cent to Rs 5.04 crore from Rs 9.51 crore in year ago period.


Other Income dipped by 75.00 per cent at Rs 0.09 crore versus (Sep`18 Rs 0.36 crore).


Operating Profit slipped by 45.20 per cent to Rs 0.97 crore as against Rs 1.77 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 3.19 per cent in September quarter.


Interest declined by 14.29 per cent y-o-y to Rs 0.36 crore while Taxation decreased by 91.43 per cent at Rs 0.03 crore (Sep`18 Rs 0.35 crore).