06 Dec 2019 | 2:34 PM

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COMPANYNEWS
PremierLtd. posts Q2 net profit of Rs 41.88 cr
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Published on 11-15-2019
The company reported standalone net profit during the quarter stood at Rs 41.88 crore compared to net loss of Rs 54.92 crore in the previous year quarter.


Net revenue of the company declined substantially by 78.83 per cent at Rs 1.01 crore in July-September quarter of this fiscal as against Rs 4.77 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 19.27 per cent to Rs 40.61 crore from Rs 34.05 crore in year ago period.


Other Income dipped by 75.00 per cent at Rs 0.14 crore versus (Sep`18 Rs 0.56 crore).


Operating Profit surged by 35.25 per cent to Rs -39.60 crore as against Rs -29.28 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 538.73 per cent in September quarter.


Interest declined by 10.12 per cent y-o-y to Rs 17.06 crore while Taxation increased by 0.00 per cent at Rs 45.85 crore (Sep`18 Rs 0.00 crore).