15 Dec 2019 | 3:37 AM

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COMPANYNEWS
Patel Integrated Log Q2 net profit jumps 63.00% at Rs 3.26 cr
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Published on 11-13-2019
The company reported standalone net profit of Rs 3.26 crore for the quarter ended September 30 2019 as compared to Rs 2.00 crore in the same period last year registering a year-on-year growth of 63.00 per cent.


Net revenue of the company declined substantially by 31.05 per cent at Rs 81.11 crore in July-September quarter of this fiscal as against Rs 117.64 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 30.36 per cent to Rs 79.22 crore from Rs 113.75 crore in year ago period.


Other Income grew by 90.81 per cent at Rs 3.53 crore versus (Sep`18 Rs 1.85 crore).


Operating Profit slipped by 51.16 per cent to Rs 1.90 crore as against Rs 3.89 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 29.31 per cent in September quarter.


Interest declined by 17.14 per cent y-o-y to Rs 1.74 crore while Taxation decreased by 228.57 per cent at Rs -0.63 crore (Sep`18 Rs 0.49 crore).