06 Dec 2019 | 6:57 AM

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COMPANYNEWS
Lux Industries Q2 net profit jumps 96.77% at Rs 42.05 cr
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Published on 11-13-2019
The company reported standalone net profit of Rs 42.05 crore for the quarter ended September 30 2019 as compared to Rs 21.37 crore in the same period last year registering a year-on-year growth of 96.77 per cent.


Net revenue of the company rose substantially by 26.84 per cent at Rs 348.26 crore in July-September quarter of this fiscal as against Rs 274.56 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 28.07 per cent to Rs 299.44 crore from Rs 233.81 crore in year ago period.


Other Income grew by 25600.00 per cent at Rs 2.55 crore versus (Sep`18 Rs -0.01 crore).


Operating Profit surged by 22.82 per cent to Rs 53.12 crore as against Rs 43.25 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 3.17 per cent in September quarter.


Interest declined by 49.27 per cent y-o-y to Rs 3.11 crore while Taxation decreased by 42.58 per cent at Rs 7.43 crore (Sep`18 Rs 12.94 crore).