30 May 2020 | 2:51 PM

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COMPANYNEWS
Kanchi Karpooram Q3 net profit jumps 63.52% at Rs 6.23 cr
  Kanchi Karpooram Ltd. | 17 Jan 2020 | 10:51 AM
Published on 02-15-2019
The company reported standalone net profit of Rs 6.23 crore for the quarter ended December 31 2018 as compared to Rs 3.81 crore in the same period last year registering a year-on-year growth of 63.52 per cent.

Net revenue of the company rose substantially by 53.58 per cent at Rs 46.58 crore in October-December quarter of this fiscal as against Rs 30.33 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 56.65 per cent to Rs 37.91 crore from Rs 24.20 crore in year ago period.

Other Income dipped by 14.29 per cent at Rs 0.36 crore versus (Dec`17 Rs 0.42 crore).

Operating Profit surged by 41.44 per cent to Rs 8.67 crore as against Rs 6.13 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.96 per cent in December quarter.

Interest grew by 17.86 per cent y-o-y to Rs 0.33 crore while Taxation decreased by 2.67 per cent at Rs 2.19 crore (Dec`17 Rs 2.25 crore).