23 Feb 2020 | 4:45 AM

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KNR Constructions Q2 net profit jumps 55.76% at Rs 70.09 cr
  KNR Constructions Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-14-2019
The company reported standalone net profit of Rs 70.09 crore for the quarter ended September 30 2019 as compared to Rs 45.00 crore in the same period last year registering a year-on-year growth of 55.76 per cent.


Net revenue of the company rose substantially by 31.21 per cent at Rs 546.20 crore in July-September quarter of this fiscal as against Rs 416.29 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 26.20 per cent to Rs 420.42 crore from Rs 333.15 crore in year ago period.


Other Income grew by 190.12 per cent at Rs 25.56 crore versus (Sep`18 Rs 8.81 crore).


Operating Profit surged by 51.29 per cent to Rs 125.78 crore as against Rs 83.14 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 15.32 per cent in September quarter.


Interest grew by 31.54 per cent y-o-y to Rs 9.76 crore while Taxation increased by 7576.92 per cent at Rs 19.96 crore (Sep`18 Rs 0.26 crore).