15 Dec 2019 | 9:12 AM

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Munjal Showa Ltd Q2 net profit down 39.76% at Rs 11.47 cr
  Munjal Showa Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-07-2019
The company reported standalone net profit of Rs 11.47 crore for the quarter ended September 30 2019 as compared to Rs 19.04 crore in the same period last year registering a year-on-year decline of 39.76 per cent.


Net revenue of the company declined substantially by 24.37 per cent at Rs 352.16 crore in July-September quarter of this fiscal as against Rs 465.65 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 22.25 per cent to Rs 338.76 crore from Rs 435.72 crore in year ago period.


Other Income grew by 51.00 per cent at Rs 6.04 crore versus (Sep`18 Rs 4.00 crore).


Operating Profit slipped by 55.20 per cent to Rs 13.41 crore as against Rs 29.93 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 40.75 per cent in September quarter.


Interest grew by 50.00 per cent y-o-y to Rs 0.09 crore while Taxation decreased by 64.98 per cent at Rs 2.84 crore (Sep`18 Rs 8.11 crore).