06 Dec 2019 | 6:51 AM

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COMPANYNEWS
Neil Industries Q2 net profit zooms 120.00% at Rs 0.22 cr
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Published on 11-20-2019
The company reported standalone net profit of Rs 0.22 crore for the quarter ended September 30 2019 as compared to Rs 0.10 crore in the same period last year registering a year-on-year growth of 120.00 per cent.


Net revenue of the company declined substantially by 31.11 per cent at Rs 1.55 crore in July-September quarter of this fiscal as against Rs 2.25 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 48.10 per cent to Rs 1.09 crore from Rs 2.10 crore in year ago period.


Operating Profit surged by 206.67 per cent to Rs 0.46 crore as against Rs 0.15 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 345.97 per cent in September quarter.


Taxation increased by 475.00 per cent at Rs 0.23 crore (Sep`18 Rs 0.04 crore).