15 Dec 2019 | 6:37 AM

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Kotia Enterprises Q2 net profit jumps 56.00% at Rs 0.39 cr
  Kotia Enterprises Ltd. | 12 Dec 2019 | 03:41 PM
Published on 11-15-2019
The company reported standalone net profit of Rs 0.39 crore for the quarter ended September 30 2019 as compared to Rs 0.25 crore in the same period last year registering a year-on-year growth of 56.00 per cent.


Net revenue of the company declined substantially by 43.27 per cent at Rs 15.04 crore in July-September quarter of this fiscal as against Rs 26.51 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 43.00 per cent to Rs 14.91 crore from Rs 26.16 crore in year ago period.


Other Income grew by 130.56 per cent at Rs 0.83 crore versus (Sep`18 Rs 0.36 crore).


Operating Profit slipped by 62.86 per cent to Rs 0.13 crore as against Rs 0.35 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 37.59 per cent in September quarter.


Interest grew by 10.81 per cent y-o-y to Rs 0.41 crore while Taxation increased by 55.56 per cent at Rs 0.14 crore (Sep`18 Rs 0.09 crore).