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Seshasayee Paper Q2 net profit down 7.13% at Rs 46.76 cr
  Seshasayee Paper & Boards Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-09-2019
The company reported standalone net profit of Rs 46.76 crore for the quarter ended September 30 2019 as compared to Rs 50.35 crore in the same period last year registering a year-on-year decline of 7.13 per cent.


Net revenue of the company declined moderately by 9.46 per cent at Rs 299.88 crore in July-September quarter of this fiscal as against Rs 331.22 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 8.59 per cent to Rs 227.75 crore from Rs 249.16 crore in year ago period.


Other Income grew by 55.16 per cent at Rs 7.06 crore versus (Sep`18 Rs 4.55 crore).


Operating Profit slipped by 12.10 per cent to Rs 72.13 crore as against Rs 82.06 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 2.95 per cent in September quarter.


Interest declined by 42.70 per cent y-o-y to Rs 2.04 crore while Taxation decreased by 10.42 per cent at Rs 21.23 crore (Sep`18 Rs 23.70 crore).