09 Dec 2019 | 11:58 AM

News

COMPANYNEWS
Ramky Infrastructure Q2 net profit down 64.18% at Rs 4.04 cr
  |
Published on 11-12-2019
The company reported standalone net profit of Rs 4.04 crore for the quarter ended September 30 2019 as compared to Rs 11.28 crore in the same period last year registering a year-on-year decline of 64.18 per cent.


Net revenue of the company declined substantially by 22.69 per cent at Rs 223.92 crore in July-September quarter of this fiscal as against Rs 289.63 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 27.67 per cent to Rs 222.31 crore from Rs 307.37 crore in year ago period.


Other Income dipped by 64.47 per cent at Rs 26.47 crore versus (Sep`18 Rs 74.51 crore).


Operating Profit surged by 109.08 per cent to Rs 1.61 crore as against Rs -17.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 111.76 per cent in September quarter.


Interest declined by 57.39 per cent y-o-y to Rs 14.80 crore while Taxation increased by 48.75 per cent at Rs 2.38 crore (Sep`18 Rs 1.60 crore).