14 Dec 2019 | 5:04 PM

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COMPANYNEWS
Indo Gulf Indust posts Q2 net profit of Rs 0.52 cr
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Published on 11-18-2019
The company reported standalone net profit during the quarter stood at Rs 0.52 crore compared to net loss of Rs 0.47 crore in the previous year quarter.


Net revenue of the company rose three fold by 18216.67 per cent at Rs 10.99 crore in July-September quarter of this fiscal as against Rs 0.06 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 2317.78 per cent to Rs 10.88 crore from Rs 0.45 crore in year ago period.


Other Income grew by 0.00 per cent at Rs 0.57 crore versus (Sep`18 Rs 0.00 crore).


Operating Profit surged by 128.57 per cent to Rs 0.10 crore as against Rs -0.35 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 100.17 per cent in September quarter.


Taxation increased by 0.00 per cent at Rs 0.01 crore (Sep`18 Rs 0.00 crore).