12 Dec 2019 | 5:29 PM

News

COMPANYNEWS
Paul Merchants Q2 net profit down 43.69% at Rs 2.41 cr
  Paul Merchants Ltd. | 12 Dec 2019 | 03:41 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 2.41 crore for the quarter ended September 30 2019 as compared to Rs 4.28 crore in the same period last year registering a year-on-year decline of 43.69 per cent.


Net revenue of the company rose moderately by 15.96 per cent at Rs 1326.51 crore in July-September quarter of this fiscal as against Rs 1143.93 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 16.23 per cent to Rs 1325.29 crore from Rs 1140.24 crore in year ago period.


Other Income grew by 102.87 per cent at Rs 4.24 crore versus (Sep`18 Rs 2.09 crore).


Operating Profit slipped by 66.94 per cent to Rs 1.22 crore as against Rs 3.69 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 71.88 per cent in September quarter.


Interest grew by 0.00 per cent y-o-y to Rs 0.13 crore while Taxation increased by 277.97 per cent at Rs 2.23 crore (Sep`18 Rs 0.59 crore).