08 Dec 2019 | 7:26 PM

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COMPANYNEWS
Lovable Lingerie Ltd Q2 net profit up 4.29% at Rs 1.46 cr
  Lovable Lingerie Ltd. | 06 Dec 2019 | 03:41 PM
Published on 11-12-2019
The company reported standalone net profit of Rs 1.46 crore for the quarter ended September 30 2019 as compared to Rs 1.40 crore in the same period last year registering a year-on-year growth of 4.29 per cent.


Net revenue of the company declined moderately by 7.17 per cent at Rs 39.10 crore in July-September quarter of this fiscal as against Rs 42.12 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 8.96 per cent to Rs 36.66 crore from Rs 40.27 crore in year ago period.


Other Income dipped by 96.55 per cent at Rs 0.02 crore versus (Sep`18 Rs 0.58 crore).


Operating Profit surged by 31.89 per cent to Rs 2.44 crore as against Rs 1.85 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 41.91 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.07 crore while Taxation decreased by 23.08 per cent at Rs 0.50 crore (Sep`18 Rs 0.65 crore).