24 Jan 2020 | 3:15 AM


Kuwer Industries posts Q2 net profit of Rs 1.89 cr
  Kuwer Industries Ltd. | 03 Jan 2020 | 04:01 PM
Published on 11-13-2019
The company reported standalone net profit during the quarter stood at Rs 1.89 crore compared to net loss of Rs 0.40 crore in the previous year quarter.

Net revenue of the company rose substantially by 35.18 per cent at Rs 14.87 crore in July-September quarter of this fiscal as against Rs 11.00 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 9.53 per cent to Rs 12.30 crore from Rs 11.23 crore in year ago period.

Other Income grew by 208.33 per cent at Rs 0.37 crore versus (Sep`18 Rs 0.12 crore).

Operating Profit surged by 1217.39 per cent to Rs 2.57 crore as against Rs -0.23 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 931.25 per cent in September quarter.

Interest grew by 414.29 per cent y-o-y to Rs 0.36 crore while Taxation increased by 0.00 per cent at Rs 0.06 crore (Sep`18 Rs 0.00 crore).