13 Dec 2019 | 9:08 AM


Sanco Trans posts Q2 net profit of Rs 0.16 cr
  Sanco Trans Ltd. | 27 Nov 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net profit during the quarter stood at Rs 0.16 crore compared to net loss of Rs 1.50 crore in the previous year quarter.

Net revenue of the company rose marginally by 4.24 per cent at Rs 25.59 crore in July-September quarter of this fiscal as against Rs 24.55 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 4.27 per cent to Rs 23.98 crore from Rs 25.05 crore in year ago period.

Other Income dipped by 11.11 per cent at Rs 0.56 crore versus (Sep`18 Rs 0.63 crore).

Operating Profit surged by 422.00 per cent to Rs 1.61 crore as against Rs -0.50 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 408.82 per cent in September quarter.

Interest grew by 1.52 per cent y-o-y to Rs 0.67 crore while Taxation increased by 128.57 per cent at Rs 0.08 crore (Sep`18 Rs -0.28 crore).