23 Feb 2020 | 5:28 AM

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Lehar Footwears Q2 net profit down 90.00% at Rs 0.12 cr
  Lehar Footwears Ltd. | 17 Jan 2020 | 10:47 AM
Published on 11-09-2019
The company reported standalone net profit of Rs 0.12 crore for the quarter ended September 30 2019 as compared to Rs 1.20 crore in the same period last year registering a year-on-year decline of 90.00 per cent.


Net revenue of the company declined substantially by 29.61 per cent at Rs 23.70 crore in July-September quarter of this fiscal as against Rs 33.67 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 28.76 per cent to Rs 21.62 crore from Rs 30.35 crore in year ago period.


Other Income dipped by 7.69 per cent at Rs 0.24 crore versus (Sep`18 Rs 0.26 crore).


Operating Profit slipped by 37.35 per cent to Rs 2.08 crore as against Rs 3.32 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.86 per cent in September quarter.


Interest declined by 7.44 per cent y-o-y to Rs 1.12 crore while Taxation decreased by 80.95 per cent at Rs 0.08 crore (Sep`18 Rs 0.42 crore).