15 Dec 2019 | 9:11 AM

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Pilani Investmen Q2 net profit jumps 46.15% at Rs 60.55 cr
  Pilani Investment and Industries Corporation Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-15-2019
The company reported standalone net profit of Rs 60.55 crore for the quarter ended September 30 2019 as compared to Rs 41.43 crore in the same period last year registering a year-on-year growth of 46.15 per cent.


Net revenue of the company rose substantially by 63.46 per cent at Rs 73.69 crore in July-September quarter of this fiscal as against Rs 45.08 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 31.33 per cent to Rs 1.09 crore from Rs 0.83 crore in year ago period.


Other Income grew by 16000.00 per cent at Rs 1.61 crore versus (Sep`18 Rs 0.01 crore).


Operating Profit surged by 64.07 per cent to Rs 72.60 crore as against Rs 44.25 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.37 per cent in September quarter.


Interest grew by 344.53 per cent y-o-y to Rs 11.38 crore while Taxation increased by 1268.75 per cent at Rs 2.19 crore (Sep`18 Rs 0.16 crore).