10 Jul 2020 | 8:24 PM

News

COMPANYNEWS
RTS Power Corpor Q2 net profit down 76.74% at Rs 0.30 cr
  RTS Power Corporation Ltd. | 17 Jan 2020 | 10:50 AM
Published on 11-13-2019
The company reported standalone net profit of Rs 0.30 crore for the quarter ended September 30 2019 as compared to Rs 1.29 crore in the same period last year registering a year-on-year decline of 76.74 per cent.


Net revenue of the company declined substantially by 63.45 per cent at Rs 25.98 crore in July-September quarter of this fiscal as against Rs 71.08 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 62.84 per cent to Rs 24.74 crore from Rs 66.57 crore in year ago period.


Other Income dipped by 2.22 per cent at Rs 0.44 crore versus (Sep`18 Rs 0.45 crore).


Operating Profit slipped by 72.28 per cent to Rs 1.25 crore as against Rs 4.51 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 24.41 per cent in September quarter.


Interest declined by 76.63 per cent y-o-y to Rs 0.61 crore while Taxation decreased by 86.96 per cent at Rs 0.06 crore (Sep`18 Rs 0.46 crore).