11 Aug 2020 | 10:16 PM

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Piccadily Agro I Q2 net profit up 15.34% at Rs 3.61 cr
  Piccadily Agro Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-15-2019
The company reported standalone net profit of Rs 3.61 crore for the quarter ended September 30 2019 as compared to Rs 3.13 crore in the same period last year registering a year-on-year growth of 15.34 per cent.


Net revenue of the company rose substantially by 28.61 per cent at Rs 82.72 crore in July-September quarter of this fiscal as against Rs 64.32 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 49.23 per cent to Rs 75.96 crore from Rs 50.90 crore in year ago period.


Other Income grew by 10133.33 per cent at Rs 6.14 crore versus (Sep`18 Rs 0.06 crore).


Operating Profit slipped by 54.36 per cent to Rs 6.76 crore as against Rs 14.81 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 64.48 per cent in September quarter.


Interest declined by 7.69 per cent y-o-y to Rs 3.96 crore while Taxation decreased by 52.64 per cent at Rs 2.06 crore (Sep`18 Rs 4.35 crore).