20 Sep 2020 | 10:29 PM

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Neuland Laborat Q2 net profit jumps 94.77% at Rs 8.57 cr
  Neuland Laboratories Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-14-2019
The company reported standalone net profit of Rs 8.57 crore for the quarter ended September 30 2019 as compared to Rs 4.40 crore in the same period last year registering a year-on-year growth of 94.77 per cent.


Net revenue of the company rose moderately by 10.36 per cent at Rs 186.22 crore in July-September quarter of this fiscal as against Rs 168.74 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 4.73 per cent to Rs 161.38 crore from Rs 154.09 crore in year ago period.


Other Income dipped by 10.94 per cent at Rs 0.57 crore versus (Sep`18 Rs 0.64 crore).


Operating Profit surged by 69.49 per cent to Rs 24.83 crore as against Rs 14.65 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 53.69 per cent in September quarter.


Interest grew by 17.44 per cent y-o-y to Rs 4.78 crore while Taxation increased by 318.89 per cent at Rs 3.77 crore (Sep`18 Rs 0.90 crore).