13 Nov 2019 | 8:29 PM

News

COMPANYNEWS
Menon Pistons Li Q2 net profit down 41.43% at Rs 1.64 cr
  |
Published on 10-23-2019
The company reported standalone net profit of Rs 1.64 crore for the quarter ended September 30 2019 as compared to Rs 2.80 crore in the same period last year registering a year-on-year decline of 41.43 per cent.


Net revenue of the company declined substantially by 21.44 per cent at Rs 30.52 crore in July-September quarter of this fiscal as against Rs 38.85 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 19.62 per cent to Rs 27.16 crore from Rs 33.79 crore in year ago period.


Other Income dipped by 76.19 per cent at Rs 0.05 crore versus (Sep`18 Rs 0.21 crore).


Operating Profit slipped by 33.60 per cent to Rs 3.36 crore as against Rs 5.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 15.44 per cent in September quarter.


Interest grew by 9.09 per cent y-o-y to Rs 0.12 crore while Taxation decreased by 66.96 per cent at Rs 0.38 crore (Sep`18 Rs 1.15 crore).