16 Dec 2019 | 8:35 AM


Savera Industries Q2 net profit down 51.52% at Rs 1.28 cr
  Savera Industries Ltd. | 13 Dec 2019 | 04:01 PM
Published on 11-14-2019
The company reported standalone net profit of Rs 1.28 crore for the quarter ended September 30 2019 as compared to Rs 2.64 crore in the same period last year registering a year-on-year decline of 51.52 per cent.

Net revenue of the company declined by 5.53 per cent at Rs 17.78 crore in July-September quarter of this fiscal as against Rs 18.82 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 5.00 per cent to Rs 14.90 crore from Rs 14.19 crore in year ago period.

Other Income dipped by 57.14 per cent at Rs 0.09 crore versus (Sep`18 Rs 0.21 crore).

Operating Profit slipped by 37.80 per cent to Rs 2.88 crore as against Rs 4.63 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 34.08 per cent in September quarter.

Interest grew by 0.00 per cent y-o-y to Rs 0.14 crore while Taxation decreased by 59.66 per cent at Rs 0.48 crore (Sep`18 Rs 1.19 crore).