06 Dec 2019 | 6:51 AM

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COMPANYNEWS
Jullundur Motor Q2 net profit down 7.14% at Rs 2.99 cr
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Published on 11-19-2019
The company reported standalone net profit of Rs 2.99 crore for the quarter ended September 30 2019 as compared to Rs 3.22 crore in the same period last year registering a year-on-year decline of 7.14 per cent.


Net revenue of the company declined by 0.93 per cent at Rs 73.26 crore in July-September quarter of this fiscal as against Rs 73.95 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 1.17 per cent to Rs 71.14 crore from Rs 70.32 crore in year ago period.


Other Income grew by 20.28 per cent at Rs 1.72 crore versus (Sep`18 Rs 1.43 crore).


Operating Profit slipped by 41.60 per cent to Rs 2.12 crore as against Rs 3.63 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 40.82 per cent in September quarter.


Taxation decreased by 59.49 per cent at Rs 0.64 crore (Sep`18 Rs 1.58 crore).