06 Dec 2019 | 6:55 AM

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COMPANYNEWS
Indian Hume Pipe Q2 net profit down 52.30% at Rs 14.21 cr
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Published on 11-13-2019
The company reported standalone net profit of Rs 14.21 crore for the quarter ended September 30 2019 as compared to Rs 29.79 crore in the same period last year registering a year-on-year decline of 52.30 per cent.


Net revenue of the company declined moderately by 10.94 per cent at Rs 370.63 crore in July-September quarter of this fiscal as against Rs 416.18 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.17 per cent to Rs 330.49 crore from Rs 363.87 crore in year ago period.


Other Income dipped by 91.14 per cent at Rs 0.81 crore versus (Sep`18 Rs 9.14 crore).


Operating Profit slipped by 23.27 per cent to Rs 40.14 crore as against Rs 52.31 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 13.84 per cent in September quarter.


Interest grew by 48.87 per cent y-o-y to Rs 19.10 crore while Taxation decreased by 76.25 per cent at Rs 3.84 crore (Sep`18 Rs 16.17 crore).