07 Dec 2019 | 3:27 PM

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Murudeshwar Cer. Q2 net profit zooms 680.00% at Rs 6.24 cr
  Murudeshwar Ceramics Ltd. | 06 Dec 2019 | 03:43 PM
Published on 11-13-2019
The company reported standalone net profit of Rs 6.24 crore for the quarter ended September 30 2019 as compared to Rs 0.80 crore in the same period last year registering a year-on-year growth of 680.00 per cent.


Net revenue of the company declined moderately by 11.54 per cent at Rs 22.93 crore in July-September quarter of this fiscal as against Rs 25.92 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 19.52 per cent to Rs 14.84 crore from Rs 18.44 crore in year ago period.


Other Income grew by 2190.91 per cent at Rs 7.56 crore versus (Sep`18 Rs 0.33 crore).


Operating Profit surged by 8.29 per cent to Rs 8.10 crore as against Rs 7.48 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 22.36 per cent in September quarter.


Interest grew by 17.26 per cent y-o-y to Rs 5.30 crore while Taxation increased by 685.71 per cent at Rs 1.65 crore (Sep`18 Rs 0.21 crore).