26 Sep 2020 | 1:23 PM

News

COMPANYNEWS
Orient Bell Q3 net profit down 64.00% at Rs 1.53 cr
  Orient Bell Ltd. | 17 Jan 2020 | 10:50 AM
Published on 01-31-2019
The company reported standalone net profit of Rs 1.53 crore for the quarter ended December 31 2018 as compared to Rs 4.25 crore in the same period last year registering a year-on-year decline of 64.00 per cent.


Net revenue of the company declined moderately by 16.72 per cent at Rs 137.85 crore in October-December quarter of this fiscal as against Rs 165.53 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 16.25 per cent to Rs 129.00 crore from Rs 154.03 crore in year ago period.


Other Income dipped by 57.69 per cent at Rs 0.11 crore versus (Dec`17 Rs 0.26 crore).


Operating Profit slipped by 23.16 per cent to Rs 9.06 crore as against Rs 11.79 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.72 per cent in December quarter.


Interest grew by 40.45 per cent y-o-y to Rs 2.50 crore while Taxation decreased by 72.33 per cent at Rs 0.70 crore (Dec`17 Rs 2.53 crore).