06 Dec 2019 | 6:52 AM

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COMPANYNEWS
Niraj Ispat Ind. Q2 net profit down 40.00% at Rs 0.09 cr
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Published on 11-21-2019
The company reported standalone net profit of Rs 0.09 crore for the quarter ended September 30 2019 as compared to Rs 0.15 crore in the same period last year registering a year-on-year decline of 40.00 per cent.


Net revenue of the company declined moderately by 13.99 per cent at Rs 1.23 crore in July-September quarter of this fiscal as against Rs 1.43 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 4.27 per cent to Rs 1.12 crore from Rs 1.17 crore in year ago period.


Other Income dipped by 25.00 per cent at Rs 0.09 crore versus (Sep`18 Rs 0.12 crore).


Operating Profit slipped by 57.69 per cent to Rs 0.11 crore as against Rs 0.26 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 50.00 per cent in September quarter.


Interest declined by 71.43 per cent y-o-y to Rs 0.02 crore while Taxation decreased by 66.67 per cent at Rs 0.03 crore (Sep`18 Rs 0.09 crore).