07 Dec 2019 | 5:32 AM

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COMPANYNEWS
Indian Sucrose L Q2 net profit zooms 5133.33% at Rs 3.14 cr
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Published on 11-21-2019
The company reported standalone net profit of Rs 3.14 crore for the quarter ended September 30 2019 as compared to Rs 0.06 crore in the same period last year registering a year-on-year growth of 5133.33 per cent.


Net revenue of the company rose triple digit by 109.64 per cent at Rs 141.19 crore in July-September quarter of this fiscal as against Rs 67.35 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 126.59 per cent to Rs 126.21 crore from Rs 55.70 crore in year ago period.


Other Income grew by 51.85 per cent at Rs 0.41 crore versus (Sep`18 Rs 0.27 crore).


Operating Profit surged by 28.58 per cent to Rs 14.98 crore as against Rs 11.65 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 38.67 per cent in September quarter.


Interest grew by 42.04 per cent y-o-y to Rs 9.90 crore while Taxation decreased by 80.10 per cent at Rs 0.38 crore (Sep`18 Rs 1.91 crore).