23 Feb 2020 | 4:51 AM


Innovative Tech Q2 net profit down 53.10% at Rs 0.53 cr
  Innovative Tech Pack Ltd. | 17 Jan 2020 | 10:43 AM
Published on 11-15-2019
The company reported standalone net profit of Rs 0.53 crore for the quarter ended September 30 2019 as compared to Rs 1.13 crore in the same period last year registering a year-on-year decline of 53.10 per cent.

Net revenue of the company rose moderately by 10.25 per cent at Rs 38.73 crore in July-September quarter of this fiscal as against Rs 35.13 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 7.47 per cent to Rs 32.09 crore from Rs 29.86 crore in year ago period.

Other Income grew by 129.41 per cent at Rs 0.39 crore versus (Sep`18 Rs 0.17 crore).

Operating Profit surged by 26.00 per cent to Rs 6.64 crore as against Rs 5.27 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 14.19 per cent in September quarter.

Interest grew by 66.30 per cent y-o-y to Rs 3.06 crore