06 Dec 2019 | 2:34 PM

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COMPANYNEWS
Mirza International Q2 net profit down 40.66% at Rs 9.56 cr
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Published on 11-12-2019
The company reported standalone net profit of Rs 9.56 crore for the quarter ended September 30 2019 as compared to Rs 16.11 crore in the same period last year registering a year-on-year decline of 40.66 per cent.


Net revenue of the company rose marginally by 3.47 per cent at Rs 306.04 crore in July-September quarter of this fiscal as against Rs 295.78 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 3.10 per cent to Rs 261.04 crore from Rs 253.20 crore in year ago period.


Other Income grew by 150.00 per cent at Rs 0.20 crore versus (Sep`18 Rs 0.08 crore).


Operating Profit surged by 5.68 per cent to Rs 45.00 crore as against Rs 42.58 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 2.08 per cent in September quarter.


Interest grew by 50.55 per cent y-o-y to Rs 13.64 crore while Taxation decreased by 86.39 per cent at Rs 1.23 crore (Sep`18 Rs 9.04 crore).