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Lloyds Steels Ind. Q2 net profit down 29.17% at Rs 0.51 cr
  Lloyds Steels Industries Ltd. | 17 Jan 2020 | 10:50 AM
Published on 11-08-2019
The company reported standalone net profit of Rs 0.51 crore for the quarter ended September 30 2019 as compared to Rs 0.72 crore in the same period last year registering a year-on-year decline of 29.17 per cent.


Net revenue of the company declined substantially by 24.67 per cent at Rs 14.44 crore in July-September quarter of this fiscal as against Rs 19.17 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 27.31 per cent to Rs 14.85 crore from Rs 20.43 crore in year ago period.


Other Income dipped by 44.64 per cent at Rs 1.29 crore versus (Sep`18 Rs 2.33 crore).


Operating Profit slipped by 67.46 per cent to Rs -0.41 crore as against Rs -1.26 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 56.64 per cent in September quarter.


Interest grew by 25.00 per cent y-o-y to Rs 0.10 crore