17 Jan 2021 | 12:08 AM

News

COMPANYNEWS
SBEC Sugar Lt posts Q1 net profit of Rs 3.98 cr
  SBEC Sugar Ltd. | 17 Jan 2020 | 10:49 AM
Published on 08-16-2019
The company reported standalone net profit during the quarter stood at Rs 3.98 crore compared to net loss of Rs 5.99 crore in the previous year quarter.


Net revenue of the company rose substantially by 60.10 per cent at Rs 115.69 crore in April-June quarter of this fiscal as against Rs 72.26 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 41.55 per cent to Rs 103.84 crore from Rs 73.36 crore in year ago period.


Other Income grew by 5200.00 per cent at Rs 0.53 crore versus (Jun`18 Rs 0.01 crore).


Operating Profit surged by 1187.16 per cent to Rs 11.85 crore as against Rs -1.09 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 778.15 per cent in June quarter.


Interest grew by 797.67 per cent y-o-y to Rs 3.86 crore