21 Oct 2020 | 8:15 AM


India Power Corp Q2 net profit zooms 102.39% at Rs 6.78 cr
Published on 11-13-2019
The company reported standalone net profit of Rs 6.78 crore for the quarter ended September 30 2019 as compared to Rs 3.35 crore in the same period last year registering a year-on-year growth of 102.39 per cent.

Net revenue of the company declined moderately by 12.15 per cent at Rs 117.92 crore in July-September quarter of this fiscal as against Rs 134.23 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 16.12 per cent to Rs 102.70 crore from Rs 122.43 crore in year ago period.

Other Income grew by 31.28 per cent at Rs 7.68 crore versus (Sep`18 Rs 5.85 crore).

Operating Profit surged by 28.98 per cent to Rs 15.22 crore as against Rs 11.80 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 46.87 per cent in September quarter.

Interest declined by 38.63 per cent y-o-y to Rs 12.36 crore while Taxation increased by 83.57 per cent at Rs 3.91 crore (Sep`18 Rs 2.13 crore).