16 Jan 2021 | 12:02 PM

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COMPANYNEWS
Samkrg Pistons & Rin Q2 net profit down 4.19% at Rs 6.17 cr
  Samkrg Pistons & Rings Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-07-2019
The company reported standalone net profit of Rs 6.17 crore for the quarter ended September 30 2019 as compared to Rs 6.44 crore in the same period last year registering a year-on-year decline of 4.19 per cent.


Net revenue of the company declined moderately by 17.37 per cent at Rs 63.61 crore in July-September quarter of this fiscal as against Rs 76.98 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 19.97 per cent to Rs 52.46 crore from Rs 65.55 crore in year ago period.


Other Income dipped by 89.39 per cent at Rs 0.07 crore versus (Sep`18 Rs 0.66 crore).


Operating Profit slipped by 1.74 per cent to Rs 11.30 crore as against Rs 11.50 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 18.94 per cent in September quarter.


Interest grew by 44.44 per cent y-o-y to Rs 0.26 crore while Taxation decreased by 41.07 per cent at Rs 1.65 crore (Sep`18 Rs 2.80 crore).