07 Dec 2019 | 5:27 AM

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COMPANYNEWS
Jocil Q2 net profit zooms 759.57% at Rs 4.04 cr
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Published on 11-22-2019
The company reported standalone net profit of Rs 4.04 crore for the quarter ended September 30 2019 as compared to Rs 0.47 crore in the same period last year registering a year-on-year growth of 759.57 per cent.


Net revenue of the company declined marginally by 4.71 per cent at Rs 102.42 crore in July-September quarter of this fiscal as against Rs 107.48 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.79 per cent to Rs 96.71 crore from Rs 107.21 crore in year ago period.


Other Income dipped by 13.41 per cent at Rs 1.42 crore versus (Sep`18 Rs 1.64 crore).


Operating Profit surged by 2014.81 per cent to Rs 5.71 crore as against Rs 0.27 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 2132.00 per cent in September quarter.


Interest grew by 16.67 per cent y-o-y to Rs 0.21 crore while Taxation increased by 968.75 per cent at Rs 1.39 crore (Sep`18 Rs -0.16 crore).