05 Dec 2019 | 9:11 PM

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COMPANYNEWS
Sam Industries L Q3 net profit down 35.87% at Rs 0.59 cr
  Sam Industries Ltd. | 28 Nov 2019 | 03:41 PM
Published on 02-09-2019
The company reported standalone net profit of Rs 0.59 crore for the quarter ended December 31 2018 as compared to Rs 0.92 crore in the same period last year registering a year-on-year decline of 35.87 per cent.


Net revenue of the company declined substantially by 22.97 per cent at Rs 2.75 crore in October-December quarter of this fiscal as against Rs 3.57 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 18.93 per cent to Rs 1.97 crore from Rs 2.43 crore in year ago period.


Other Income dipped by 64.52 per cent at Rs 0.11 crore versus (Dec`17 Rs 0.31 crore).


Operating Profit slipped by 31.30 per cent to Rs 0.79 crore as against Rs 1.15 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.88 per cent in December quarter.


Interest grew by 300.00 per cent y-o-y to Rs 0.04 crore while Taxation decreased by 62.79 per cent at Rs 0.16 crore (Dec`17 Rs 0.43 crore).